rjs
Level 15
Level 15

Retirement tax questions

What kind of 1099s do you get? There are 21 different kinds. There is no plain Form 1099. All 1099 forms have one or more letters after the 1099. The most common are 1099-INT, 1099-DIV, 1099-B, 1099-NEC, 1099-R, and 1099-G.


If you have a 1099-G or 1099-MISC, which box is the income in?


If you have a 1099-NEC or 1099-MISC, is it from an employer who also gave you a W-2?


NCperson and xmasbaby0 think you are talking about 1099-Rs for money that you took out of your 401(k) plans. Is that what it is? Or did you get 1099-NEC or 1099-MISC forms from clients that you did work for as an independent contractor?

 


@gerardo47 wrote:

How does software distinguish where the money is coming from


Where what money is coming from? Money that you took out of the 401(k), money that clients paid you for your services, or money you earned as an employee (on a W-2)?