1099 Corrected to $0

tlw61 · ‎March 3, 2022

I was sent a 1099 NEC for $750 from an individual by mistake. They filed a corrected 1099 NEC with box 1 showing $0. How do I handle this? I have no other 1099s and if I enter the corrected one in Turbotax it prompts me to file a schedule C even though I have no other income other than a normal W-2.

Kat · ‎March 3, 2022

Don't enter your 1099-NEC at all. If this individual sent you a corrected 1099-NEC, they should also have sent a copy to the IRS.

Just enter your W-2 and complete your filing. Be sure to keep both of the 1099-NECs, though, to support your filing. I don't think you'd ever hear from the IRS on this issue, but you sure want to be able to explain the situation.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

View solution in original post

Kat · ‎March 3, 2022

Don't enter your 1099-NEC at all. If this individual sent you a corrected 1099-NEC, they should also have sent a copy to the IRS.

Just enter your W-2 and complete your filing. Be sure to keep both of the 1099-NECs, though, to support your filing. I don't think you'd ever hear from the IRS on this issue, but you sure want to be able to explain the situation.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

tlw61 · ‎March 6, 2022

Thank You!

Kat · ‎March 6, 2022

So happy to help! Happy filing!

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

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1099 Corrected to $0