I need to change Box 7 Non-employee compensation number on a Form 1099-Misc 2018 Income. Entered an incorrect amount. How and where do I go to make this correction.

Change number in box 7 non-employee compensation of Miscellaneous Income 1099

Answer

Let's make sure box 7 is showing a correct amount, Jaxmillion.

If the total amount in each 1099 boxes for vendor doesn't meet or exceed a specific threshold amount, then 1099 is required.

Make sure the total amounts exceed the thresholds so it shows the correct amount. Then, ensure to select the correct Tax Year in the Preview 1099.

Next, all accounts used for 1099-eligible payments must be mapped correctly to the 1099 boxes by going to Step 4 of Prepare 1099's. If a vendor is not listed in step 4, then follow the steps below:

  1. Click the "funnel" icon at the top left of the page.
  2. Change Type of contractors to 1099 contractors below the threshold
  3. Select the Apply button. 
This will show the vendors who don't have sufficient payment amounts to require a 1099. Please see this article for additional information: Common causes for Incorrect Amounts on  1099s.

You might also want to check this article for additional reference: 1099 Troubleshooting.

Keep in touch if you need anything else. I'm always right here to help. 

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