Originally Posted by
MrsCodoma
I went through several pages on this thread and did not find it so I googled it and found something different.
https://www.fool.com/retirement/2017...er%20to%20rest.
"If the issuer of your incorrect 1099 doesn't agree with you, then things can get a bit more complicated. Your next move will involve writing a formal letter, attaching proof of your assertion, sending it to the issuer via certified mail, and retaining a copy of your correspondence for your records. If you have a specific contact at the company in question, you might get away with emailing your letter rather than getting the Postal Service involved, but if you go the digital route, make sure you're able to obtain proof of receipt.
Of course, sending an official letter won't necessarily get the issuer to see things your way, but what it will do is serve as proof that you tried to correct the issue. And that brings us to your next move. If the problem isn't resolved by the time you need to file your taxes, you'll have no choice but to explain the discrepancy on your return. Your best bet here is to list the amount of income you know to be correct, but attach a detailed explanation in support of your claim. Furthermore, you should include proof of your attempt to get the issue resolved so that the IRS sees you made an effort."
It's not worth this much effort. I am going to just file it as is, and then hope we all get a corrected one later this year and I can amend it. Annoying but I used my 5 FNC on the JW Marriott Cancun so it was still worth it for me.
mia mentioned in his post 152 that post 127 has explanation on how to do the adjustment. Many people have done this in the past when AMEX and Chase messed up their 1099s.
https://www.flyertalk.com/forum/35961221-post152.html
What you quoted is to request the issuer to correct the erroneous 1099. Good luck on this. However you can take the other route. There were reports on DoC site and Reddit every year by people who successfully used this approach especially when the issuer like Citi valued AA miles at over 2c each in the past.
My take is, either you just forget about it or you adjust the value on your tax return.