Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
DJ-Jeff
New Member

I received a 1099-MISC for money I've already partly declared in a previous year. How do I handle it?

They paid me last year for a New Years Eve performance I did in 2015 (which I declared in 2016)...

... then they sent me another check in 2017 for another performance I did for them again in 2016...

... but then they sent me a 1099-MISC for BOTH performances.

I've already declared the first amount in a previous return.

How do I account for the missing amount if I use the 1099-MISC?

Do I just ignore the 1099-MISC, and just declare the latest income?

1 Best answer

Accepted Solutions
VolvoGirl
Level 15

I received a 1099-MISC for money I've already partly declared in a previous year. How do I handle it?

No don't ignore it.  You can enter the 2015 amount as a misc other expense and call something like Reported on prior year return.

View solution in original post

9 Replies
VolvoGirl
Level 15

I received a 1099-MISC for money I've already partly declared in a previous year. How do I handle it?

No don't ignore it.  You can enter the 2015 amount as a misc other expense and call something like Reported on prior year return.
DJ-Jeff
New Member

I received a 1099-MISC for money I've already partly declared in a previous year. How do I handle it?

Wait... Are you saying, Enter the 2015 "Income" as an "Expense"?
VolvoGirl
Level 15

I received a 1099-MISC for money I've already partly declared in a previous year. How do I handle it?

You enter the whole 1099Misc as income then offset it with the misc expense entry.
DJ-Jeff
New Member

I received a 1099-MISC for money I've already partly declared in a previous year. How do I handle it?

Hmmmmmm
DJ-Jeff
New Member

I received a 1099-MISC for money I've already partly declared in a previous year. How do I handle it?

And you drive a Volvo? 😉
DJ-Jeff
New Member

I received a 1099-MISC for money I've already partly declared in a previous year. How do I handle it?

You saved me AGAIN!
VolvoGirl
Level 15

I received a 1099-MISC for money I've already partly declared in a previous year. How do I handle it?

Yes I do!  1997 V90 275,000 miles
DJ-Jeff
New Member

I received a 1099-MISC for money I've already partly declared in a previous year. How do I handle it?

Wait... I miss spoke (or wrote)... The amount was actually for the NEXT return (one payment for 2015-16 performance, then the other for 2016-17 performance). Meaning, the second check will not be reported until the next return (because I never saw the money until 2017)! Same deal?

 I'll just switch the verbiage from "Last Year's Return" to "Next Year's"... Right?
DJ-Jeff
New Member

I received a 1099-MISC for money I've already partly declared in a previous year. How do I handle it?

Seems to be OK. Return has been submitted, and accepted [First time EVER without ANY errors found by the "Error Check"!!].

Thanks again!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~