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