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Level 2
February 13, 2022
Question

1099-MISC Bug

  • February 13, 2022
  • 1 reply
  • 2 views

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. 

1 reply

JohnB5677
Level 15
February 13, 2022

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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Level 2
February 13, 2022

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
Level 15
February 13, 2022

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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