mick1946
Level 1
4 weeks ago

Client received a 1099-NEC with capital gains. When I put the gain into Sch D it also shows as income from the 1099. How can I put it into Sch D without showing it in the 1099-NEC. Can I not show the 1099?

As it is now I have twice the income. Capital gain and 1099 income.

What should I do?

0 Cheers
Reply
IRonMaN
Level 15
4 weeks ago

1099NEC with capital gains?


Slava Ukraini!
Reply
Just-Lisa-Now-
Level 15
Level 15
4 weeks ago

Who/Why issued them an NEC for capital gains? 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Reply
qbteachmt
Level 15
4 weeks ago

How do you know it's capital gains? Where on a 1099-NEC is that indicated?

*******************************
Don't yell at us; we're volunteers
Reply
IRonMaN
Level 15
4 weeks ago

Someone is obviously going rogue if capital gains are showing up on a copy of a 1099NEC.


Slava Ukraini!
Reply
ljr
Level 8
4 weeks ago

sounds like you need to get a corrected 1099-nec

0 Cheers
Reply