What were you considering to do on the 1040 as a rebuttal?
What were you considering to do on the 1040 as a rebuttal?
Let me not put words in XPARTE's mouth......but the signed under penalty perjury information return with the properly filled out "Line 21" [yeah, I know it's a bit different this year, just using the term as a point of reference] acts as a affidavit to the truth.....we are tasked with ACCURATE SELF REPORTING, aren't we?
Presumably nothing? The allegation is on a 1099, it seems that's the document that needs to be rebutted. Given the redemption, it's not "income" in their limited scope, so it doesn't belong on the 1040 as far as I can tell.
But just to ask outright - Given your question, are you saying that if/when you receive 1099s, you personally add the presumpted amount to your 1040?