Originally Posted by
Happy
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.
The second part of my quote did address what to do if the issuer does not respond. However, I found the article mentioned in post 127 and will give the IRS a call. This is the last thing I need to address before I can file so I'll give it a shot. Thank you for referencing the post # for me.
I also just found it directly on the IRS website so wanted to share for anyone else that is interested:
https://www.irs.gov/newsroom/what-to...g-or-incorrect