Need to amend taxes for a three word change?
February 2, 2011 3:17 PM Subscribe
TaxFilter: Received a 1099-MISC after filing, but I reported the income on 1040 Line 21. Do I need to amend?
posted by jeversol to Work & Money (10 answers total)
Asking the hive mind before asking a professional. YANM tax attorney/accountant, etc. I was very lucky and won $1,000 in a drawing at a casino around Christmas. Yay! When it came time to work on my taxes, I listed the $1,000 as gambling winnings, non-W2G in TurboTax. It listed this on 1040 line 21 (other income) with the text "GAMBLING WINNINGS" next to it.
Literally 4 hours after submitting my tax return to the IRS, I receive a 1099-MISC in the mail from the casino. It lists the $1,000 in Box 7, Nonemployee compensation. I went back through TurboTax and modified it accordingly (Added the 1099-MISC, removed the "gambling income"). The net result is identical. The only thing that changed was that the description it put on the line was now "SEE STATEMENT L21." It did not change my AGI. My refund is identical.
Do I need to file an amended return to reflect this change? My gut says no - I claimed the amount correctly as income. I can't imagine even the most dickish auditor would have anything to say about it. What's your thoughts, hive mind?