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    asn234's Avatar
    asn234 Posts: 17, Reputation: 1
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    #1

    Jan 26, 2011, 12:06 PM
    1099-MISC Box 3 amount on 1040
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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's Avatar
    spkendrick Posts: 5, Reputation: 1
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    #3

    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

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