Question

I received a 1099 by mistake - cannot get payer to correct - what to do when I file

Forum|Forum|4 years ago
February 16, 2022
1 reply
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I received a 1099 that was intended for someone else - the payer just won't take the time to correct it. How do I file my taxes with this outstanding?

ColeenD3

You can enter a nominee adjustment and attribute it to the person it belongs to.

The type of 1099 you received determines the method you would use to do this.

D

don21480Author

Thank you - its a 1099-Misc. I do not know the information for the person it belongs to. I'm a songwriter and the 1099 is for a royalty on a song I did not write nor did I receive the royalty.

D

don21480Author

If you are in the business of songwriting and you file a Schedule C as part of your tax return, include the 1099-MISC for the royalty as part of your business income. Then, you can claim a miscellaneous business expense to negate the income reported to you in error.

If you are no longer active in the business of songwriting, then the royalty income would be reported on Schedule E using the following steps:

On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
This opens a box where you can type in “royalties” and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
The search results will give you an option to “Jump to royalties”
Click on the blue “Jump to royalties” link

Answer Yes that you need to report rental or royalty income and then skip the first question or so because they will pertain to rental properties and not royalties. You will come to a screen titled, “Is This a Rental Property or Royalty?” where you can choose Royalty. You will need to enter a short description for the type of royalty and include an address for the royalty. Use your own address or the address of the property generating the royalty (such as when a property is generating a royalty). Continue moving forward until you get to a summary page for the royalty. Here you can select Start or Update beside Royalty Income to enter the income amount.

@don21480

thank you!