Bought cemetery plot, changed mind, money was refunded. Receive 1099-misc box 7 for amount greater than refunded. How should I file

[chadhess45]

Where do I place the amount at?

[LeeM]

I would place the correct amount in Box 7.

[ghost]

Was the plot purchase made using an insurance annuity or was it a simple cash transaction? How much did you pay, how much was returned and how much is shown on Form 1099-misc?

[LeeM · Accepted solution]

I would enter the amount that you actually received. The IRS will more than likely contact you about the discrepancy and you can then provide them with proof of your actual payment.