What to do with 1099 Misc from California FTB - 2022

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  • čas přidán 2. 08. 2024
  • If you received an IRS Form 1099-Misc from the State of California for 2022 with box 3 "other income" and wondering what this is and how it gets taxed, this video is for you!
    00:00 Intro
    00:14 What is the IRS Form 1099-Misc from CA for?
    00:35 Do I need to pay tax on the 1099-Misc from CA FTB?
    02:27 How to report the IRS Form 1099-Misc from CA on the tax return.
    03:39 How to report the IRS Form 1099-Misc from CA in TurboTax.
    --------------
    EA Tax Resolutions Website: eataxresolutions.com/?...
    EA Tax Phone Number: 800-245-0596
    --------------
    Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
    #IRS #1099 #MiddleClassTaxRefund

Komentáře • 122

  • @TriniHuerta
    @TriniHuerta Před rokem +3

    Thanks for doing this video and making it straight to the point. I was wondering what this darn form was for! Therefore, your video helped out so much!

  • @Eckertainment
    @Eckertainment Před rokem

    Thank you so much for this. It's hard to get a straight answer Googling around (ironically) and this is so helpful.

  • @annesvideo
    @annesvideo Před rokem +6

    This was super helpful! Thank you so much for making this video! ☺

  • @DeniseL7777
    @DeniseL7777 Před rokem +4

    Thank you so much for your help! I couldn't figure out how to enter it on Turbo Tax - I really appreciate it. :)

  • @Panda-yu8br
    @Panda-yu8br Před rokem +3

    Omg this had me so stressed out. Thank you so much

  • @nicoleh.9426
    @nicoleh.9426 Před rokem +5

    What a great informative video in such a short period of time Thank you sir !!!!!

  • @QEstah
    @QEstah Před rokem +1

    I didn't know how to input it into TurboTax so thanks for this great explanation!

  • @sabup5004
    @sabup5004 Před rokem

    Thank much for the crystal clear explanation, Appreciated.

  • @freeenergyscool
    @freeenergyscool Před rokem

    Thank you so much! I was getting so frustrated. My only beef with Turbo tax was that the form was issued to both of us and I could only choose one or the other on the software. Of course, I know that is not your fault. But this was very helpful.

  • @brisselisowen1239
    @brisselisowen1239 Před rokem +1

    Very clear and informative, thank you. I was getting lost after reading bulletins before I found this video.

  • @leksieb1
    @leksieb1 Před rokem +1

    Thank you!!! The Turbo tax rep was useless in helping. You explained it perfectly!

  • @MrHerrera805
    @MrHerrera805 Před rokem

    Thanks so much, this was very helpful.

  • @ErickEngel
    @ErickEngel Před rokem

    Thanks for the information. Appreciate it. I was wondering how I should go about reporting this. I have the answer now!

  • @gregorygarrett8248
    @gregorygarrett8248 Před 4 měsíci

    Thank You!!!!

  • @tisaymom1
    @tisaymom1 Před rokem +1

    Thanks so much this helps me understand.

  • @rs5801
    @rs5801 Před rokem +1

    you cleared that up well- thank you sir

  • @lionking2727
    @lionking2727 Před rokem +1

    I love you for making this short video. Lol may god bless you!

  • @praveennagpure2132
    @praveennagpure2132 Před rokem

    LIfe saver! I had no idea why I got this 1099-MISC.. actually I need to check if I even got that money :) the video was helpful to at leats get it in my tax return and make sure it is not taxable.

  • @user-jb7ic2qs5k
    @user-jb7ic2qs5k Před rokem

    This helped, thank you! 👍👍👍

  • @qbana8
    @qbana8 Před rokem +1

    Great help, thanks!

  • @mattdorn8440
    @mattdorn8440 Před rokem +1

    Super helpful - thank you.

  • @Patron007Murad111
    @Patron007Murad111 Před rokem +1

    Great Video! Thanks!

  • @BracliCreations
    @BracliCreations Před rokem

    Super Thank You!!

  • @smilekeeper4268
    @smilekeeper4268 Před rokem +1

    Very informative!

  • @rururet
    @rururet Před rokem

    TYVM!

  • @dnkgy
    @dnkgy Před rokem +1

    Thank you

  • @alancervantes3825
    @alancervantes3825 Před rokem

    This was really helpful and saved me a ton of time trying to figure out what to do with this. Thank you!!! 😃

  • @Abnereliu
    @Abnereliu Před rokem +1

    Thanks

  • @jotflames
    @jotflames Před rokem

    Thank you. Infor for turbo tax was perfect. Do i still have to enter if I didn't receive the payment?

  • @degree-oq5xq
    @degree-oq5xq Před rokem +7

    I never receive any of MidClass Tax Refund, but couples days ago I did received letter from FTB CA with 1099 MISC on it... Humm what I need to do with this letter carrying the numbers $ I never have..

  • @papichulo23
    @papichulo23 Před rokem

    Awesome info Frick California

  • @jaypao8276
    @jaypao8276 Před rokem +3

    I've done this already before I saw this video, but it shows that Turbo Tax system is not accepting MCTR as and option on 1099-MISC if the amount is more than $600. I got $700, I'm from California BTW Thank you for this Vid!

  • @daviddraper6240
    @daviddraper6240 Před rokem +1

    Thanks for the info…I don’t use Turbo Tax…How about TaxAct?

  • @StormiTales
    @StormiTales Před rokem +2

    The IRS would not accept my return when I entered it on my return. Tried 4 times. I decided to remove the 1099 misc entirely. Then it worked!

    • @eataxresolutions
      @eataxresolutions  Před rokem

      Highly recommend NOT to do this, Try to figure out why its getting rejected.

    • @millennialmoneyprogress
      @millennialmoneyprogress Před rokem +4

      I simply forgot to enter it in and am not going to stress out with an amended return thanks to IRS not having their shit together in time as per usual.

  • @mengthao5914
    @mengthao5914 Před rokem +1

    Fuck yeah bro! Subbed and liked

  • @christophermunchhof3444

    TurboTax does not report it on line 8z with a subtraction on line 24z, but creates a summary statement with the return. I'm curious if this will end up causing a 1099 mismatch with the IRS, but I guess time will tell. I noticed TaxAct simply does not report the 1099-Misc when you select that it is a CA MCTR payment. For all of my clients, I've been reporting the 1099 on 8z with a subtraction on 24Z like the first steps show. I guess we'll see if the IRS sends adjustment notices in a few months to the people who reported nothing.

  • @stephaniecastro4112
    @stephaniecastro4112 Před rokem

    hi, do you know how to do it on H&R block? i am having trouble on finding the state ID number on the 1099

  • @emilyshang2770
    @emilyshang2770 Před rokem +2

    IRS has announced, in California, this Middle Class Tax Return is not taxable. Should I still report while filing my tax return? Or, I should just not mention it?

  • @ManiacMcCurtis
    @ManiacMcCurtis Před rokem

    Wish I watched this video before filing taxes. I got taxed an extra ~$200 on federal because of this thing. Oh wells, hopefully they'll have some sort of amendment on next year's income tax to reclaim it.

    • @christophermunchhof3444
      @christophermunchhof3444 Před rokem

      You'd need to amend your 2022 tax return. You won't be able to claim an adjustment on your 2023 taxes.

  • @ruslanvs
    @ruslanvs Před rokem +1

    Very helpful thank you! If I may ask - are those BJJ belts on the wall? All colors through brown are on the wall, are you a black belt?

    • @eataxresolutions
      @eataxresolutions  Před rokem +1

      Glad I could help.
      Yup! I train no gi so I am a brown belt. One day that black belt will come though!

    • @ruslanvs
      @ruslanvs Před rokem

      @@eataxresolutions Awesome! Good luck!

  • @edisonsadventure4633
    @edisonsadventure4633 Před rokem

    I did what you did, but why does turbo tax asking for a business code

  • @tonchua6353
    @tonchua6353 Před rokem +1

    Thank you for the very informative video. I have share your video with all my friends. I have a question about where to put my husband’s distribution from his Canadian Registered Retirement Incone Fund. Would be kind to respond to my inquiry.

    • @eataxresolutions
      @eataxresolutions  Před rokem

      Thank you! Foreign income is a little more complex. I will continue to stream Turbo tax next help next Saturday on February 4th 10 AM PST. I can do my best to help you then. You will need the amount converted into USD and the amount in income tax paid to Canada, so we can get that as a credit.

  • @RafaelTavera-wr7fs
    @RafaelTavera-wr7fs Před rokem

    I received this form from California working as an intern(online) with only box 3 filled and I was in another state; do I fill it as state of California or as federal? I’m not sure and need help

  • @davidmccoley6522
    @davidmccoley6522 Před rokem

    I received this even though I'm a stay at home dad and haven't worked for over 4 years. Do I have to file my own taxes.

  • @willwalkforal
    @willwalkforal Před rokem

    I got this but was not relevant to MCTR. Frustrating that's the only thing people talk about. I won money from a California settlement while not being a resident in Cali for 2022. Do I have to pay California taxes on it? I have no idea

  • @KristieNewton-rw9si
    @KristieNewton-rw9si Před rokem

    What if you didn't receive the money?

  • @alexizgonzalez-tl9vc
    @alexizgonzalez-tl9vc Před rokem

    If I lost this form or threw it away how can I get a copy

  • @LArenadelCAOS
    @LArenadelCAOS Před rokem

    Sir, I have a question for you. I'm an Italian citizen, working in Italy. I have a monetized CZcams channel, and I received this 1099-MISC, and I have no idea what to do with that, and there is absolutely no answer for me here in Italy nor on the Italian websites, we're talking about 58 dollars of taxes, so a very small amount. In 2022 I received another one for 11 dollars and I simply did nothing and nothing happened. My question is why am I receiving this since I declared to Google that I'm a non-US Citizen and I have the 0% conventions for AdSense, and how the IRS has a file somewhere about me with a protocol number, since I don't have a IRS position 'cause I'm not a US-Citizen, so please, any advice is welcome. Thank you very much.

  • @NinjaAlex6r
    @NinjaAlex6r Před rokem

    My California refund went up after entering this 1099 misc

  • @chadlee243
    @chadlee243 Před rokem +1

    What do you do if I filed before I got this form do I ammend my return.

  • @jinnahchiguina4192
    @jinnahchiguina4192 Před rokem

    I thank you. It's very helpful, but can i e file my tax return with it?

  • @almolina3671
    @almolina3671 Před rokem

    Never received

  • @juliotorres6868
    @juliotorres6868 Před rokem

    Oh! man these people send you this with no explanation at all, THANK YOU. I did subcribed. How much I owe you for this hint?

  • @lHurtYourFeeIings
    @lHurtYourFeeIings Před rokem +4

    I would not treat it as not taxable to Fed unless and until the IRS came out with more guidance. TurboTax jumped the gun.

    • @eataxresolutions
      @eataxresolutions  Před rokem +1

      You can make it taxable by not checking the MCTR button. However you will need to remove it CA income on the CA return.

  • @Sean-C
    @Sean-C Před rokem

    This amount from CA is not taxable for IRS.

  • @CityOfLightNY
    @CityOfLightNY Před rokem

    Do you know what they put for the RECIPIENTS TIN? I am worried about my information being shown fully. I am worried mine got lost in the mail and not delivered to me. It would be great if you can let me know. Thank you

    • @eataxresolutions
      @eataxresolutions  Před rokem

      Recipients TIN would be the person who got the 1099 social security number

    • @CityOfLightNY
      @CityOfLightNY Před rokem

      @@eataxresolutions I was wondering if you received and when you looked at it if they hide the first 6 numbers and only show the last 4. Or do they show it fully on the form they sent. I was wondering for privacy reasons because I didn't receive it and didn't want someone else to have my ssn #. I believe its possible it got delivered to someone else. Thank you! help would be great.

  • @hisbeloved1st
    @hisbeloved1st Před rokem

    I did exactly what you said with tirbotxa and my taxes got rejected

    • @eataxresolutions
      @eataxresolutions  Před rokem

      TurboTax has an update tomorrow. I would wait until 2-1 and try again

  • @beelao5755
    @beelao5755 Před rokem +1

    Hi, What if is joint and both husbands and wife name is one the sam3 1099 Misc.? How to file this?

    • @eataxresolutions
      @eataxresolutions  Před rokem +1

      You will need to report it on the Joint tax return.

    • @beelao5755
      @beelao5755 Před rokem

      @EA Tax Resolutions I saw on the news IRS had announced the gas tax is not taxable. I already file 2 weeks ago and noticed my return dropped due to the 1099 gas tax form. Gosh...

  • @criseldafagsao916
    @criseldafagsao916 Před 6 měsíci

    What if i got it from state of minnesota? What will I choose from uncommon situations?

    • @eataxresolutions
      @eataxresolutions  Před 5 měsíci

      You would choose. "Income from Form 1099-MISC"
      Unfortunately those payment are getting taxed by the Fed and not by MN. Below is an article on how to enter this into TurboTax on the Fed and State return.
      ttlc.intuit.com/community/state-taxes/discussion/how-do-i-enter-the-minnesota-one-time-tax-rebate-payment-on-the-return/00/3143849

  • @onestopshoppodcast
    @onestopshoppodcast Před rokem

    I got this tax form from Facebook meta because they paid me like 30k so can I fill it on my taxes?

    • @eataxresolutions
      @eataxresolutions  Před rokem

      Yes if you received a Form 1099 it will need to be reported on your tax return.

  • @veronicagomez9652
    @veronicagomez9652 Před rokem

    What if u filed before they said it wasn't taxable do I need to amend my tax return??

  • @kimberlyjovel7512
    @kimberlyjovel7512 Před rokem +1

    I didn’t get my money in debt or check so how is it that I got a 1099?

    • @earth2kosmickitty
      @earth2kosmickitty Před rokem

      Good question! I haven't either, but as of yet, I have not received the 1099 either! They better not send me 1099 before I get my actual MCTR payment! 🙄

  • @Team8LA
    @Team8LA Před rokem

    Lol, how that next to nothing 350 relieves anything??!! Consider how expensive everything is un Ca.

  • @dylanstoycollections3759

    My husband and I received the form but we never got the middle class tax refund

  • @irishreid-er8cx
    @irishreid-er8cx Před rokem

    We received the 1099-MISC both under mine and my husband's name so whose name am I going to file this under?

    • @kdkajiko9429
      @kdkajiko9429 Před rokem

      Hello I have the same question and I couldn’t find any answer of solution. Did you find some answers yet?

  • @NicKennelty
    @NicKennelty Před rokem +2

    Weird I got it but never got the money

    • @briannal7808
      @briannal7808 Před rokem +2

      When you do your taxes there’s an option on there that says you received the 1099 paper but did not receive the money.

    • @NicKennelty
      @NicKennelty Před rokem +1

      @@briannal7808 good to know! Thank you. I was just going to not report it because by law I never received it.

  • @debas7282
    @debas7282 Před rokem +1

    Sir please i received 6700$ downpayment grant as class3 other income Should i report it or not ???

    • @debas7282
      @debas7282 Před rokem

      Misc form 1099???

    • @eataxresolutions
      @eataxresolutions  Před rokem

      If its on an IRS Form 1099 you will NEED to report it. Now is it taxable, that's a different question.

  • @Emenay2222
    @Emenay2222 Před rokem +2

    My return is getting rejected through turbo tax due to this form

    • @mycreativety
      @mycreativety Před rokem +1

      Same: I have submitted twice and it keeps getting rejected by both Federal and State. I just received a POP-UP via Turbo Tax that the amount is not taxable by either Federal or State, so I just removed it because it kept getting rejected. Waiting to see what happens next.

    • @eataxresolutions
      @eataxresolutions  Před rokem +5

      I would highly advise to NOT remove the form 1099 from TurboTax. Maybe we just need to wait for an update for these to get accepted through e-file.

    • @Brandie237
      @Brandie237 Před rokem +1

      We must wait till the 30th to file this form

    • @annasalas5078
      @annasalas5078 Před rokem

      Mine is also getting rejected 🤦🏻‍♀️

    • @lHurtYourFeeIings
      @lHurtYourFeeIings Před rokem

      TurboTax has no legal authority to decide for the feds that it is non-taxable. There is zero legal guidance from the IRS for them to program it as such. A taxpayer can make their own argument to adjust it, but that isn't TurboTax's job.

  • @WavyGodzLA
    @WavyGodzLA Před rokem

    I don’t live in California no more? What I do?

    • @eataxresolutions
      @eataxresolutions  Před rokem

      You received the money and will therefore still need to report it on your tax return.

  • @jessesandoval9727
    @jessesandoval9727 Před rokem

    I used turbo tax too I downloaded a copy and on the form on z section other income it says 0 and says “see STC” or STE forgot which one.
    This the reason maybe it gets denied because they aren’t inputting it right on turbo tax?

    • @eataxresolutions
      @eataxresolutions  Před rokem +1

      I believe you ill be able to e-file 1-30

    • @jessesandoval9727
      @jessesandoval9727 Před rokem

      @@eataxresolutions oh okay so that’s why it denies because it’s rot early. Thank you so much. Hopefully that solves it

  • @mariolita9245
    @mariolita9245 Před rokem +1

    Thank you