I can certainly understand how an ability to amend 1099s could be useful and have submitted a suggestion about it as of today. You can also submit your own feature requests while signed in. Your feedback's definitely valuable to Intuit and will be reviewed by o...
What to do if you filed your tax return with TurboTax, and now need to change it. TurboTax makes it easy to amend your tax return and file it again.
To amend a return for 2018 or earlier, you'll need to print the completed Form 1040-X and any other forms you're amending. Attach any necessary supporting documentation, such as:any new or amended W-2s or 1099 forms other forms or schedules that changed, suc...
Currently, we're unable to support corrections to already submitted (by paper or e-file) 1099s. Customers have to complete and submit any corrected 1099-MISC or 1099-NEC outside QBO. That said, you'll have to get in touch directly with the IRS to do a manual ame...
1099-NEC: a newer form for freelance/gig-worker income. NEC = “non-employee” compensation. 1099-SA: if you took distributions from an HSA, this form documents how much. If you have not yet received forms you are expecting in the mail, I would recommend logging in to the respective ac...
Your 1099s include many boxes, but you usually only need to be concerned with one box on each form: Box 1a on 1099-K Box 1 on 1099-NEC These report your gross earnings in each category. You might notice that the amount in Box 1a of 1099-K is larger than the total...
The cancelled debt is not income, even if you receive a Form 1099-C: If you received the cancelled debt due to bankruptcy filing. To the extent you are insolvent immediately before the cancellation of the debt. Insolvency means your debts exceed the value of all your assets. You ...
Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers) Stock sales (including crypto investments) Income from rental property or property sales Credits, deductions and income reported on other forms or schedules ...
So if you've had some huge gains and you have a losing stock and it's just not going to go up, you could sell that losing stock and offset your losses against your gains. And then you can also carry forward those gains and offset your ordinary income. Like, if you ...
If you receive tax form 1099-NEC for services you provide to a client as an independent contractor and the annual payments you receive total $400 or more, you'll need to file your taxes a little differently than a taxpayer who only receives regular emplo