2015: return marked final. In 2017, received a 1099-MISC. Can I report the amount on my 1040 since it is my address and I was a co-owner? The amount is minuscule.

[jnatiuk]

Our business' only source of income was through an online retailer. We left our shop open even though we officially dissolved the business in 2015. I guess we did not file all the paperwork to terminate it through the IRS. Only through the states.

So this year a 1099-MISC shows up. About a hundred-fifty bucks. We sold something and they managed to deposit it into the bank account. Guess that wasn't closed either.

I've contacted the issuer to see if they can refile it. But I doubt it.

I have no problem reporting it, just don't want the hassle of dealing with the closed company. Lesson learned, do the paperwork the first time!

[PatriciaV · Accepted solution]

Yes, you may report this as personal income since the business was effectively closed in a prior year.