Tax Question

[PompeyKing]

I have been using Turbo Tax, the free version for a few years but ran into a problem this year. I have a small retirement stipend from a volunteer fire department in Upstate New York. Each of the last few years they have sent me a 1099-R for the reporting. This year they changed the group that distributes the check. I received a 1099-MISC from them. It is definitely the wrong form. I called the issuing group and I was told to contact the volunteer fire department. I did so and have not heard back from them. Turbo Tax will not let you input info from a 1099-MISC with the free version.
My question: Can I just input the info in my tax return using the 1099-R info and hope that it will be corrected? If I do so, my 1099-MISC may not look as if it was not recorded, but I will input the exact amount of the payments! Any thought would be appreciated. The amount is relatively small but I want to report it.

[Keefelane66]

I have been using Turbo Tax, the free version for a few years but ran into a problem this year. I have a small retirement stipend from a volunteer fire department in Upstate New York. Each of the last few years they have sent me a 1099-R for the reporting. This year they changed the group that distributes the check. I received a 1099-MISC from them. It is definitely the wrong form. I called the issuing group and I was told to contact the volunteer fire department. I did so and have not heard back from them. Turbo Tax will not let you input info from a 1099-MISC with the free version.
My question: Can I just input the info in my tax return using the 1099-R info and hope that it will be corrected? If I do so, my 1099-MISC may not look as if it was not recorded, but I will input the exact amount of the payments! Any thought would be appreciated. The amount is relatively small but I want to report it.
This link may help you

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-1099-misc/L7mAQke3m_US_en_US

[Pugchief]

I'm not a tax professional, nor do I play one on television. So do not consider this tax advice.

I "hear" the way to deal with this is to enter the incorrect 1099Misc as a 1099R. It is doubtful anything will come of it, but if it does, just let the IRS know that the 1099 was issued as the wrong type.

I would also contact the issuer repeatedly until they send the correct form.

[Robbb]

I have been using Turbo Tax, the free version for a few years but ran into a problem this year. I have a small retirement stipend from a volunteer fire department in Upstate New York. Each of the last few years they have sent me a 1099-R for the reporting. This year they changed the group that distributes the check. I received a 1099-MISC from them. It is definitely the wrong form. I called the issuing group and I was told to contact the volunteer fire department. I did so and have not heard back from them. Turbo Tax will not let you input info from a 1099-MISC with the free version.
My question: Can I just input the info in my tax return using the 1099-R info and hope that it will be corrected? If I do so, my 1099-MISC may not look as if it was not recorded, but I will input the exact amount of the payments! Any thought would be appreciated. The amount is relatively small but I want to report it.

Wasn't this what the IRS used to get Al Capone.

[Haggar]

I have been using Turbo Tax, the free version for a few years but ran into a problem this year. I have a small retirement stipend from a volunteer fire department in Upstate New York. Each of the last few years they have sent me a 1099-R for the reporting. This year they changed the group that distributes the check. I received a 1099-MISC from them. It is definitely the wrong form. I called the issuing group and I was told to contact the volunteer fire department. I did so and have not heard back from them. Turbo Tax will not let you input info from a 1099-MISC with the free version.
My question: Can I just input the info in my tax return using the 1099-R info and hope that it will be corrected? If I do so, my 1099-MISC may not look as if it was not recorded, but I will input the exact amount of the payments! Any thought would be appreciated. The amount is relatively small but I want to report it.

I am a tax professional and this is how I would handle this.

As advised previously I agree put the amounts into the 1099-R the way they should have issued. Attached a statement explaining that you received a 1099-Misc instead of a 1099-R. Attach a copy of the 1099-Misc along with the statement.

I know on the Pro version of the software you can attach a PDF that would contain your explanation and the 1099-Misc. I don't know if you can attach a PDF in the version you are using

If it won't either go to someone who can file with the attachment or file a paper return.

[dewilson58]

My question: Can I just input the info in my tax return using the 1099-R info and hope that it will be corrected? If I do so, my 1099-MISC may not look as if it was not recorded, but I will input the exact amount of the payments! Any thought would be appreciated. The amount is relatively small but I want to report it.

Since you are reporting all your income................I would go the 1099-R route.

Worst case, you get a notice stating you under reported and over reported.....netting to zero.

[dewilson58]

Wasn't this what the IRS used to get Al Capone.

No.

[retiredguy123]

I have been thinking about this question. My approach would be to break down and buy the TurboTax Basic software for $40 on Amazon. Then, you can enter the data from the 1099-misc form directly into TurboTax. While, technically, the correct form may be a 1099-R, it may not be entirely illegal to report the income on a 1099-misc form. It would give me at least $40 worth of peace of mind to know that I prepared my tax return correctly, based on the information reported to me. And, it would be worth more than $40 if it avoids a nasty letter and an electronic audit from the IRS. By the way, the 1099-misc income will appear on Line 8 of your Form 1040.

[dewilson58]

Here's a good link:

What to do when a W-2 or Form 1099 is missing or incorrect | Internal Revenue Service (https://www.irs.gov/newsroom/what-to-do-when-a-w-2-or-form-1099-is-missing-or-incorrect)

more or less.................jus file like it should be filed.

:beer3:

[PersonOfInterest]

If you report the amount as 1099R income you may get a letter for not reporting the 1099Misc income. You should find out WHY they issued a 1099MISC rather than the 1099R. Was there a legitimate reason or was this in Error. If in error they should correct it. If as you say the amount is small, then reporting it as the form indicates would probably not make a difference in your tax and would save you the hassle of possibly dealing with an IRS letter.

[gorillarick]

No.
awe come on
That was pretty funny.

[FredJacobs]

1099-MISC can be entered on kine z of Schedule 1. This will carry over to the appropriate line on Form 1040.

[retiredguy123]

1099-MISC can be entered on kine z of Schedule 1. This will carry over to the appropriate line on Form 1040.
Income entered on Line Z of Schedule 1 will be transferred to Line 10 on the Form 1040. But, using the 1099-misc process in TurboTax will result in the income being transferred to Line 8 on Form 1040. So, if you received a 1099-misc, the IRS will most likely be looking for a number on Line 8, and for other information contained on the actual Form 1099-misc. To me, trying to use a TurboTax version that does not allow you to enter the information from the 1099-misc to save a few bucks on software is not a good idea. Spend $40 and use the proper version of TurboTax.

[Nancy@Pinellas]

There are AARP Volunteer tax preparers at Colony Rec on Monday and Tuesday. Perhaps someone there could help you.

[retiredguy123]

If you report the amount as 1099R income you may get a letter for not reporting the 1099Misc income. You should find out WHY they issued a 1099MISC rather than the 1099R. Was there a legitimate reason or was this in Error. If in error they should correct it. If as you say the amount is small, then reporting it as the form indicates would probably not make a difference in your tax and would save you the hassle of possibly dealing with an IRS letter.
I agree. As long as the income amount is correct, report the income in accordance with the 1099-MISC that you received. If you want to notify the employer that they used the wrong form, that is fine. But, it is their responsibility to use the correct form, not yours. By changing how the income is reported is just asking for trouble with the IRS. They use electronic algorithms to match income reporting forms to the tax return. If you report the income on the Form 1040 line that doesn't match the 1099, it may generate an automatic nasty letter from the IRS. If the IRS received a 1099-MISC, they will expect to see income on line 8 of the Form 1040, not on Iine 5b, where 1099-R income is entered.