AliciaP1
Expert Alumni

Retirement tax questions

Since the 1099 represents income to you (your business) anyway, you will still report it on your business tax return (whether a separate return or Schedule C whichever applies to your filing requirements).  If you receive a query from the IRS, you are in good shape because you have reported the income.

 

But - it's a good idea to cover your bases because the 1099 should not have been issued at all.  I would recommend writing a formal letter, siting the requirements for sending a 1099 that I noted in my previous post, and mail it via certified mail.  Keep a copy of the letter with your tax documents for 2022.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"