KNOWLEDGE BASE

What is a 1099-MISC?

A 1099-MISC is a tax form that reports payments for:

  • Rent
  • Prizes or awards
  • Other income services
  • Medical or health care
  • Payments to an attorney

You can view the complete list by visiting the IRS.gov website.

The minimum amount to generate a statement is either $10 for royalties or $600 in other amounts combined.