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missing 1099

I'm self employed. One of my suppliers didn't send me a 1099. He missed sending it and has already submitted all his other info to the IRS, the state, etc. It would be time consuming and costly for him to resubmit his paperwork for my $970.  I have two choices. I can submit the amount on my return since I have all his 1099 info from previous returns or I could not include the amount on my return, If I include the amount, which is what I want to do, is the IRS going to have a problem because they don't have their copy of the 1099? I look forward to your comments. Thanks

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4 Replies
MinhT1
Expert Alumni

missing 1099

You should report that amount 0f $970 as self-employed income.

 

As you didn't receive a form 1099-NEC, report it as Other self-employed income.

 

You report the income you received in cash, checks or bank transfers or without a 1099-NEC as self-employed income under Other self-employed income.

  • In business income, just under Type of Income, click on Add Income for this work
  • On the next page, click on the radio button next to Other Self-employed Income
  • Click Continue to enter your income received in cash, checks or bank transfers.

You won't have any problems with the IRS as you have reported all your income.

 

Not issuing you a form 1099-NEC is an error of the payer.

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missing 1099

Just so I understand. I have all the supplier's 1099 info from previous returns. So you're saying not to fill out this information and just report it as "other self employed income"?

MinhT1
Expert Alumni

missing 1099

Yes. This is because you didn't receive Form 1099-NEC from this payer this year.

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missing 1099

You are required to report all your income from your own accurate records, even if you don't get tax paperwork from your customer or clients.   Consider for example a landscaper; they will only ever get 1099s from other businesses they work at, never from private residential clients, but they must still report all their income.

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