What Is a Form 1099?

1. This page is a general overview of 1099s and 1099 requirements.
2. Go here if you received a Form 1099.
3. Go here if you need to issue a Form 1099.

A Form 1099 is a type of "information return". It is a tax form that you get in the mail if you received certain types of income during the year. You generally have to report the information from a 1099 on your tax return.

A 1099 is similar to a W-2, but while a W-2 reports wages, salaries, and tips, a 1099 reports many other kinds of income. There are many different varieties of 1099 form, and each one is used to report different, specific types of income.

Table of Form 1099 Descriptions, Reporting Requirements, and Due Dates

When should you expect your 1099 forms in the mail? What if you only earned $10--do you still get a 1099? Does any amount of income have to be reported? The table below answers all of these questions.

This table lists each type of 1099 form by number and title, shows each form's reporting requirement (the minimum dollar amount which must be reported), and the due date on which the form should be received by you.

FormDescriptionMinimum Amount Reported*You Should Receive It by...
1099-A Acquisition or Abandonment of Secured Property Any amount January 31
1099-B Proceeds From Broker and Barter Exchange Transactions Any amount February 15
1099-C Cancellation of Debt $600 January 31
1099-CAP Changes in Corporate Control and Capital Structure $100 million January 31
1099-DIV Dividends and Distributions $10 ($600 for liquidations) January 31
1099-G Certain Government Payments $10 January 31
1099-H Health Coverage Tax Credit (HCTC) Advance Payments Any amount January 31
1099-INT Interest Income $10 ($600 for some business-related interest) January 31
1099-K Merchant Card and Third Party Network Payments $20,000 January 31
1099-LTC Long-Term Care and Accelerated Death Benefits Any amount January 31
1099-MISC Miscellaneous Income $600 for non-employee compensation
($10 for royalties and most other sources)
January 31
1099-OID Original Issue Discount $10 January 31
1099-PATR Taxable Distributions Received From Cooperatives $10 January 31
1099-Q Payments From Qualified Education Programs Any amount January 31
1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. $10 January 31
1099-S Proceeds From Real Estate Transactions $600 January 31
1099-SA Distributions From an HSA, Archer MSA, or Medicare Advantage MSA Any amount January 31
RRB-1099 Railroad Retirement Board Statement Any amount January 31
SSA- 1099 Social Security Benefit Statement Any amount January 31

*Minimum Amount Reported:

The IRS requires you to report all taxable income, even if you do not receive a 1099 for a particular payment you received. For example, if you earned less than $600 as an independent contractor, the payer does not have to send you a 1099-MISC, but you still have to report the amount as self-employment income.

What If I Don't Receive a 1099 on Time?

If you are expecting a 1099 and you do not receive it by February 15, the IRS recommends contacting them at 800-829-1040. You will be able to use a substitute form to file your return, and you may even still be able to efile it.

How to efile a Tax Return with Form 1099 Income

See the instructions to prepare a tax return with 1099 income.

What If I Need to Issue a 1099?

Find out how to prepare and file a 1099 form.

 

Learn about the many benefits of filing your taxes with efile.com.

efile Your Taxes Now

bullet point Biggest Tax Refund Faster
bullet point Money Back Guarantee
bullet point Dare to Compare

Start Your Return FREE

Registered Users: Sign in Here