@skully9999982 wrote:
Many of the people will be sending me over $600 in a calendar year but what happens if for some reason they (people I work for) do not send me a 1099-misc? Also, I can fill out a 1099-k by getting the form from turbo tax correct?
No, you cannot fill out a 1099-K since you are not a payment settlement entity (PSE) . Failure to file a 1099-K is between the IRS and Zelle. It makes no different to you if you receive a 1099-K or not since it in only information to you even if you do receive one.
As I said, only businesses issue a 1099-MISC in the course of doing business - individuals do not issue 1099-MISC forms. If a 1099-MISC is required, it is sent directly from the business that pays you to you. You must report all income whether you receive a 1099-MISC or not.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
