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View Full Version : 1099-MISC Box 3 amount on 1040


asn234
Jan 26, 2011, 12:06 PM
Hi,

I realized that last year for my 2009 taxes, I mistakenly entered the amount from my 1099-MISC Box 3 into Line 7 of my 1040(Wages, salaries, tips, etc) instead of Line 21 (Other income). Should I file a 1040-X along with the fixed 1040? My adjusted gross income and taxes, credits, etc are not changing.

AtlantaTaxExpert
Jan 30, 2011, 04:44 PM
Probably not. It will have NO material effect on the taxes you will owe, so filing an amendment would be a waste of time.

spkendrick
Aug 22, 2013, 03:15 AM
I thought that 1099 income was supposed to be entered on a schedule C, so wouldn't it be taxed at a different rate than if it were entered as wages and tips, etc.

AtlantaTaxExpert
Aug 22, 2013, 07:38 AM
Form 1099 income is listed on Schedule C only if it is Box 7 of the Form 1099.