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Won a raffle and the organization sent me a 1099-NEC instead of a 1099-MISC. What is the best way to get that correction done?

Forum|Forum|4 years ago
February 12, 2022
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TurboTax Deluxe Online

Best answer by ColeenD3

You would need to contact the organization that issued you the 1099-NEC and have them send you a corrected version with $0 income and a 1099-MISC to replace it.

What is Form 1099-NEC? Who receives Form 1099-NEC?

Starting in tax year 2020, 1099-NEC (non-employee compensation) will be issued to self-employed individuals, like independent contractors, freelancers, or side-giggers who have been paid $600 or more.

ColeenD3Answer

You would need to contact the organization that issued you the 1099-NEC and have them send you a corrected version with $0 income and a 1099-MISC to replace it.

What is Form 1099-NEC? Who receives Form 1099-NEC?

Starting in tax year 2020, 1099-NEC (non-employee compensation) will be issued to self-employed individuals, like independent contractors, freelancers, or side-giggers who have been paid $600 or more.

R

rexfamAuthor

Thank you very much for the quick reply. That is what I thought, but greatly appreciate the confirmation. When I file, should I then upload both the corrected NEC version and the correct MISC version. And, should I go back and just delete my entered, but not sent, 1099-NEC on the Turbo Tax software?

ColeenD3

No, once you have the corrected version of the 1099-NEC, you omit it entirely. It is not correct information. Just ignore it until you can get the corrected version. You will have to wait until you receive it to file.