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Level 5
April 14, 2024
Solved

1099-NEC that is incorrect

If I receive a Form 1099-NEC that is incorrect, showing a higher amount than the actual earnings I made (for example, I only earned $2000 but the payer reported $3300 on the Form 1099-NEC), and I am unable to contact the payer to correct the Form 1099-NEC, what should I do?

Vanessa AAnswer
Alumni - Intuit
April 14, 2024

To enter  and remove the self-employment income take the following steps:

  • Income
  • 1099-NEC under Other Common Income
  • Enter the information from the 1099-NEC

Then you will take the following steps to remove the income:

  • Income
  • Less Common Income
  • Miscellaneous Income
  • Other Reportable Income
  • Answer Yes to Any Other Taxable Income
  • Enter the description such as 1099-NEC received for overreported
  • Enter the amount on the 1099-NEC as a negative number. 
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2 replies

VolvoGirl
Level 15
April 14, 2024

Could they have included items they reimbursed you for or paid you?  

Vanessa AAnswer
Alumni - Intuit
April 14, 2024

To enter  and remove the self-employment income take the following steps:

  • Income
  • 1099-NEC under Other Common Income
  • Enter the information from the 1099-NEC

Then you will take the following steps to remove the income:

  • Income
  • Less Common Income
  • Miscellaneous Income
  • Other Reportable Income
  • Answer Yes to Any Other Taxable Income
  • Enter the description such as 1099-NEC received for overreported
  • Enter the amount on the 1099-NEC as a negative number. 
**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"