FlyerTalk Forums - View Single Post - AMEX 1099-INT or 1099-MISC who got one?
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Old Feb 8, 2022, 8:29 am
  #36  
jghassell
 
Join Date: Sep 2004
Location: CLT
Programs: US CP, SPG Gold
Posts: 593
I have offset the value of a 1099 received several times. I have not heard anything about it. Just enter an opposite value where the 1099 lands and add "see statement" and then include a short statement about your reasoning for questioning the value. The key is to get past the automated computer matching -- you have to report the amount that matches the 1099; just reduce it via a separate line item.

I believe schedule 1, part 1 line 8z is where your 1099 would land this year, and schedule 1, part 2, line 24z is where you can put your offsetting reduction in value. Consult a tax advisor, blah
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