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NewUserName
Returning Member

1099-MISC Bug

Dear TurboTax,

I found a critical bug on the 1099-MISC prize winnings value adjustment form for married couples filing jointly. I can replicate the bug if helpful. Thank you. 

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13 Replies
JohnB5677
Employee Tax Expert

1099-MISC Bug

Please clarify the conditions.

  • You're filing a joint return.
  • You received a 1099-MISC for prize winnings
  • I'm not sure what you mean by "value adjustment"?
  • And I'm not sure how the joint return plays into it?
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NewUserName
Returning Member

1099-MISC Bug

Your first two bullets capture the conditions. There is a screen where you can record the difference between 1) the value of the prize as indicated on the form 1099-MISC and 2) the fair market value of the prize. If married filing jointly the difference can be recorded for each person. The critical bug is on this part. 

JohnB5677
Employee Tax Expert

1099-MISC Bug

I'm not sure what you're seeing.  I posted a sample 1099-INT.

  1. Wages & Income
  2. Other Common Income
    1. Form 1099-MISC
    2. Select the record
  3. Review the information
  4. Describe the reason for this 1099-MISC (Prize)
  5. Does one of these uncommon situations apply?
    1. This was prize winnings
  6. Do either of you have another 1099-MISC?  Yes/No

This ends the interview.  I don't see the area that you're referencing. 

Did you post it this way?

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NewUserName
Returning Member

1099-MISC Bug

I navigated there by clicking the other income section and clicking 1099-MISC. Later in the flow it lets you indicate prize winnings and do the value adjustment I described. Does that help?

LenaH
Employee Tax Expert

1099-MISC Bug

The spouse you would enter the FMV adjustment to would be the spouse that received the 1099-MISC. You can tell this by looking at the Recipient's TIN on Form 1099-MISC.

 

On my mock-up return, prizes flow through to Schedule 1, Line 8h and the adjustment to the market value of prizes flow to Schedule 1, Line 8z. 

 

 

@NewUserName

 

 

 

 

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NewUserName
Returning Member

1099-MISC Bug

Yes, this is the screen where there’s a bug. The user cannot always go back and adjust the value if they need to. 

LenaH
Employee Tax Expert

1099-MISC Bug

In your situation, it is recommended that you first log out of your TurboTax Online and delete your cookies.

 

On rare occasions, they may make your browser think you already did something that you still need to do. To fix that, you'll need to delete (clear) the cookies from your browser. For more information on how to delete your cookies on the browser you are using, please see How do I delete cookies?.

 

If that fails to work, you can always delete the 1099-MISC and start over to input the updated FMV. 

 

To enter your 1099-MISC, please follow the steps below: 

  1. Open or continue your return, if you're not already in it.
  2. Search for 1099-misc and select the Jump-to link.
  3. Enter your 1099-MISC.
  4. Follow the on-screen instructions. 

@NewUserName

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NewUserName
Returning Member

1099-MISC Bug

The bug I found is when you delete the form. 

NewUserName
Returning Member

1099-MISC Bug

Does TurboTax find it helpful when users report critical bugs?

JulieS
Expert Alumni

1099-MISC Bug

If you enter the form and the adjustment and then go back and delete just the form, the adjustment remains.

 

To fix this:

  1. Re-enter the 1099-MISC.
  2. Click Continue.
  3. Clear the adjustment and leave the box blank.
  4. Continue and delete the 1099-MISC.

 

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NewUserName
Returning Member

1099-MISC Bug

This did not work when I tried it. Do you have to enter the 1099-MISC identically including the allocation among spouses?

JulieS
Expert Alumni

1099-MISC Bug

Yes, you should enter it the same way you did the first time.

 

If you try again and it doesn't work, try clearing your cache & cookies.

 

Click here for instructions.

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NewUserName
Returning Member

1099-MISC Bug

Thanks! Can you send a video of this working?

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