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Originally Posted by ispeakforerin Can you please provide details on correcting one 1099 (dollar amount) out of a group of fifteen that were already submitted? Do I resubmit all fifteen and give totals for all fifteen on the corrected 096? Thank you! |
no you do not submit all 15 and give ttoals for all 15 1099s on form1096 however,
Your error is error type #1, then you enter X in the corrected box on a new 1099MISC and then prepare a new 1096 and report the total in box 5 and enter X in box 7 of Form1096.
also enter X in box 6 for 1099MISC 95 since you correct a 1099MISC.
also make an entry in either box 1 or 2 on form 1096; not both.
in box 5 you neeed to enter the total of the amount(s) from the boxes of 1,2,3,5,6,7,8,10,13, adn 15; if you have corrected number oonly in box 7 on form 1099MISc then enter the corrected number in box 5 on form 1096.