What kind of payments require form 1099?

[Coleen3]

There are many forms of 1099. Do you mean 1099-Misc?

[Coleen3]

Trade or business reporting only. Report on Form 1099-MISC only when payments are made in the course of your trade or business. Personal payments are not reportable. You are engaged in a trade or business if you operate for gain or profit. However, nonprofit organizations are considered to be engaged in a trade or business and are subject to these reporting requirements.

Form 1099-MISC, Miscellaneous Income

File this form for each person you paid during the year:

1. at least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest;
2. at least $600 in:

•  rents;

• services performed by someone who is not your employee;

• prizes and awards;

• other income payments;

• medical and health care payments;

• crop insurance proceeds;

• cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish;

• generally, the cash paid from a notional principal contract to an individual, partnership, or estate;

• payments to an attorney; or

• any fishing boat proceeds,

In addition, use this form to report that you made direct sales of at least $5,000 of consumer products to a buyer for resale anywhere other than a permanent retail establishment.