snoopy
Level 1
02-07-2023
05:04 PM
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1099misc middle class refund
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Level 15
02-07-2023
05:55 PM
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Havent seen anything official from IRS, but ProSeries started excluding it per General Welfare Exclusion a couple weeks ago. Mark the MCTR box on the 1099MISC worksheet and the program will do the rest.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 7
02-08-2023
05:29 AM
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The IRS appears to be mulling it over:
IRS Working on 1099 Guidance for Middle Class Tax Refund in California - CPA Practice Advisor