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Level 5
April 14, 2024
Solved

1099-NEC that is incorrect

  • April 14, 2024
  • 2 replies
  • 38 views

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?

Best answer by Vanessa A

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. 

2 replies

VolvoGirl
Level 15
April 14, 2024

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

Vanessa AAnswer
Level 15
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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