topic Re: 1099-MISC in Get your taxes done using TurboTax

1099-MISC

gfxrvca05 — Fri, 21 Feb 2020 03:28:25 GMT

I received a 1099-MISC from my dad's employer. However, he's now deceased and I've filed my taxes already.

On the 1099-MISC the only box that is marked is Box 3: Other income and everything else is blank.

(Also received 1099-MISC after I filed taxes)

Would I have to amend my 2019 taxes and input this 1099?

If I receive my tax return before I get to amend what do I do?

After I amend, is just a plug and play where I plug in the 1099 and change nothing else on the return?

Thanks

Re: 1099-MISC

Anonymous — Fri, 21 Feb 2020 03:38:37 GMT

for your 1099, you'll have to amend if your return is accepted. you can not amend until the original return is fully processed - you get your refund or the IRS clears the payment.

the 1099 goes on schedule C with job related expenses. you will owe self employment taxes if the net is more than $400 but you probably will get the QBI deduction

under certain conditions you may be able to deduct health insurance premiums paid, even Marketplace Insurance, on page 1 of your return rather than as a schedule A deduction

if you have a state return that also needs to be amended also

you can not efile them. they must be mailed.

the 1040-x which you need to amend is not yet available.

when you open TT click on the amend my return icon

Re: 1099-MISC

gfxrvca05 — Fri, 21 Feb 2020 03:41:14 GMT

So I have the actual paper 1099-MISC right now, so wait till I get the return, amend it and then just plug in the data from it?