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Level 2
May 16, 2021
Question

1099-misc

  • May 16, 2021
  • 1 reply
  • 1 view

If the amounts on a 1099 are all zero, do I need to enter them?

    1 reply

    Employee Tax Expert
    May 16, 2021

    If they are ALL zero, then no. 

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    jdv2Author
    Level 2
    May 16, 2021

    That is what I was thought since it has zero effect on the tax calculation, even though the information is included in the "reported to IRS" section of the combined 1099-DIV/INT/MISC/B statement from the financial group. Thanks for the verification.