If you made certain payments to an employee or other recipient during the tax year, you may need file a Form 1099 to the IRS and send a copy to the payment's recipient. Additionally, you will need to file a Form 1096, which is used to transmit your paper Form 1099. See the sections below for information on issuing Form 1099 (or 1096):
The table below shows the 1099 forms, the types of income reported on each 1099, the minimum income reporting requirements, and due dates to the recipient and IRS.
1099-A
Home foreclosures and property abandonments
Any amount
Jan. 31
February 28
1099-B
Securities sales, redemption of securities, commodities trading, futures transactions, barter exchanges
Any amount
Feb. 15
February 28
1099-C
Canceled or forgiven debt, discharge of indebtedness
$600
Jan. 31
February 28
1099-CAP
Changes in capital structure, a new acquisition of corporate control
Stock or property valued at $100 million
Jan. 31
February 28
1099-DIV
dividends, distributions of capital gains, distributions of liquidations
$10 ($600 or more for liquidations)
Jan. 31
February 28
1099-G
Unemployment benefits, state and local tax refunds, alternate TAA payments, taxable grants, agricultural payments
$10
Jan. 31
February 28
1099-H
Advance payments of health insurance premiums made under the Health Coverage Tax Credit
Any amount
Jan. 31
February 28
1099-INT
Interest income
$10 ($600 for certain business-related interest income)
Jan. 31
February 28
1099-K
Merchant card (credit and debit card) payments, third party network payments (such as PayPal)
$20,000 in total transactions
Jan. 31
February 28
1099-LTC
Long-term care insurance benefits, life insurance distributions, accelerated death benefits
Any amount
Jan. 31
February 28
1099-MISC
1099-NEC
Non-employee compensation (including contract payments, commissions, reimbursements, awards, and bonuses), rental income, royalties, attorney fees, board of directors fees, medical service fees, proceeds from direct sales of consumer products for resale, crop insurance proceeds, payments to fishing boat crew members, Indian gaming profits paid to tribal members, punitive damages awarded in court, "golden parachutes", substitute dividends and tax-exempt interest payments, income from an NQDC (nonqualified deferred compensation plan) under Section 409A
$600 for non-employee compensation; $10 for royalties, substitute dividends, and tax-exempt interest payments; any amount for other sources
Jan. 31
February 28
1099-OID
Original issue discounts, which are a special type of interest repayment
$10
Jan. 31
February 28
1099-PATR
Distributions from Co-ops
$10
Jan. 31
February 28
1099-Q
Distributions from Coverdell ESAs and Qualified Tutition Programs (QTPs), rollovers of these accounts
Any amount
Jan. 31
February 28
1099-R
Annuities, pensions, life insurance contracts, profit-sharing plans, retirement plans (IRA, Roth, SEP, SIMPLE, military), plan rollovers and conversions
$10
Jan. 31
February 28
1099-S
Sales and exchanges of real estate or land, timber royalties made under a pay-as-cut contract
$600
Jan. 31
February 28
1099-SA
Health Savings Accounts (HSAs), Archer MSAs (Medical Savings Accounts), Medicare Advantage MSAs
Any amount
Jan. 31
February 28
RRB-1099
Railroad retirement benefits and Social Security equivalent benefits
Any amount
Jan. 31
N/A
SSA-1099
Social Security benefits
Any amount
Jan. 31
N/A
You are required to file a 1099 if the sum of all the payments you made during the year to any one recipient was this amount or more.
1099 forms are only filed on paper, so you cannot prepare and eFile a 1099 online.