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bird1921
New Member

I recieved a 1099-C for 2016 but claimed it in 2015 what do i do ?

 
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WillK
Level 9

I recieved a 1099-C for 2016 but claimed it in 2015 what do i do ?

Did you get a 1099-C in 2015 for 2016?

If you got a 1099-C for 2016 in 2016 then you will need to report this on your 2016 return, and amend your 2015 to remove it if it was not supposed to be reported in 2015. Amended returns do not “catch up” to your original return and replace them; they are processed as two separate returns.  

Amended returns have to be printed and filed by mail.  It can take the IRS up to 12 weeks or longer to process them.   If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it.  If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return. You can check the status of your amended return by clicking here: https://www.irs.gov/filing/individuals/amended-returns-form-1040-x-/wheres-my-amended-return-1

 Click here for amending instructions: https://ttlc.intuit.com/replies/3288565
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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
WillK
Level 9

I recieved a 1099-C for 2016 but claimed it in 2015 what do i do ?

Did you get a 1099-C in 2015 for 2016?

If you got a 1099-C for 2016 in 2016 then you will need to report this on your 2016 return, and amend your 2015 to remove it if it was not supposed to be reported in 2015. Amended returns do not “catch up” to your original return and replace them; they are processed as two separate returns.  

Amended returns have to be printed and filed by mail.  It can take the IRS up to 12 weeks or longer to process them.   If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it.  If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return. You can check the status of your amended return by clicking here: https://www.irs.gov/filing/individuals/amended-returns-form-1040-x-/wheres-my-amended-return-1

 Click here for amending instructions: https://ttlc.intuit.com/replies/3288565
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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