What do I do if 1099-Misc was issued by error?

[shannieonrye]

I received a 1099-Misc on Other Income from my bank in error. Now I have taxes owed. What do I do?

[DianeW777]

It depends on what the money was for. If you are not self employed and this is not considered wages from an employer you can add the income using the steps below.

It's important that you made the appropriate selections so that TurboTax does know that it was not self employment income.

1. Open your TurboTax Online/Mobile or TurboTax Desktop tax return
2. Search (upper right) > type 1099misc > click the Jump to... link
3. Begin your entry of the 1099-MISC.
4. It's important for you to select 'None of these apply" and then you should also select the following:
   1. 'No' on the screen 'Did the '____' involve work that's like your main job?'
   2. 'No' on the screen 'Did the '____'  involve an intent to earn money?'

This will report the income without any business/self employment activity and it will show up on Form 1040, Line 8 (From Schedule 1, Line 8z).

• Continue to complete this section.

Please update if you have additional details or questions and we will help.