topic Re: Override? in Get your taxes done using TurboTax

Override?

frustrated10 — Wed, 04 Mar 2020 00:35:00 GMT

I have 2 1099Misc for royalties on the same property. The program shows them separately, but then adds the second to the first but shows the second again totaling the 1st+the 2nd+the 2nd. Some forms have the correct numbers, but schedule 1 shows the wrong amount as does the 1040.

Re: Override?

ThomasM125 — Wed, 04 Mar 2020 00:51:59 GMT

There must be something duplicated in the program. I suggest you delete the 1099-MISC entries and then review the form 1040 to make sure they are not being reflected there, and then re-enter them.

Re: Override?

Anonymous — Wed, 04 Mar 2020 08:06:33 GMT

for the same pretty, combine the amounts and enter as 1 item. the irs will add the 1099's and compare to your total.

Re: Override?

frustrated10 — Fri, 06 Mar 2020 14:46:55 GMT

These were paid by two different companies with two different ID numbers. Unfortunately I think they need to be entered separately.

Re: Override?

LeonardS — Fri, 06 Mar 2020 18:46:09 GMT

Have you checked if one of the 1099-MISC has the box Corrected checked. If this is the case then you will only enter the 1099-MISC that is marked Corrected.

Re: Override?

frustrated10 — Fri, 06 Mar 2020 21:16:41 GMT

Neither is a corrected invoice. It is the same stream of royalties, but the company generating them changed before year end.

Re: Override?

RobertG — Mon, 09 Mar 2020 17:55:39 GMT

Try this:

Delete both 1099-Misc forms.
To do this edit Income from Form 1099-MISC from the Your income and expenses screen.
Then edit Rental Properties and Royalties (Sch E), create the 1099-Misc Forms as you enter income for the royalty property.
If you hit done at the 1099-MISC Summary page, TurboTax will allow you to create or edit 1099-Miscs for that property