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kimmckeen
New Member

My 1099 misc is $4000 overstated because the $ left their acct on 12.31.18 but I didn't get $ until 1.2.19, so that needs to be on my 2019 return. How do I adjust?

I think I should enter the full amount as reported on the form but I didn't receive that full amount in 2018 so where do I add the correction?

1 Best answer

Accepted Solutions
Critter
Level 15

My 1099 misc is $4000 overstated because the $ left their acct on 12.31.18 but I didn't get $ until 1.2.19, so that needs to be on my 2019 return. How do I adjust?

Put the total in the income as the IRS was expecting that however  you can make your own category in the expense section ... something like "income received after 1/1"  then make sure to enter that as income next tax season. 

View solution in original post

2 Replies
Critter
Level 15

My 1099 misc is $4000 overstated because the $ left their acct on 12.31.18 but I didn't get $ until 1.2.19, so that needs to be on my 2019 return. How do I adjust?

Put the total in the income as the IRS was expecting that however  you can make your own category in the expense section ... something like "income received after 1/1"  then make sure to enter that as income next tax season. 

View solution in original post

kimmckeen
New Member

My 1099 misc is $4000 overstated because the $ left their acct on 12.31.18 but I didn't get $ until 1.2.19, so that needs to be on my 2019 return. How do I adjust?

Thanks a ton!!!
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