I have a question about filing Form 1099-MISC after receiving refund. Can I report my W-2 income and get my refund and then file another return with my Form 1099-MISC income?
No, filing Form 1099-MISC after receiving refund isn’t an option. You must report all taxable income you receive in the same year on the same return.
To report your income, enter your W-2 income received as an employee on Form 1040.
Where you enter your 1099-MISC income depends on what box reports your income:
- If income is reported in Box 7:
- File Schedule C to enter your income and the expenses you incurred to produce the income.
- File Schedule SE and pay self-employment tax and if either of these applies:
- Your self-employment net earnings — excluding church employee income — were $400 or more.
- You had church employee income of $108.28 or more.
- If income is in Box 3:
- Enter the income on Form 1040 as other income.
- This income isn’t subject to self-employment tax.
Your excess estimated tax payments have been released and a refund will be sent to you. Learn more about IRS notice CP17 from the tax experts at H&R Block.
The IRS made a change to the Making Work Pay and/or Government Retiree Credit on your tax return. Learn more about IRS notice CP12M from H&R Block.
If you sold stock, bonds or other securities through a broker or had a barter exchange transaction, you will likely receive a Form 1099-B. Learn more from H&R Block.
Wondering how to use your tax refund? You can save your tax refund or pay down debt to improve your financial situation. Learn more at H&R Block.