https://ttlc.intuit.com/community/business-taxes/discussion/corporate-gifts-to-clients-do-we-need-to-issue-a-1099/01/1749901#M57445 <P><SPAN>We gave 2 clients large gifts this year (around $5k each in the form of a gift card). I know we can only deduct $25 per person. However, do we need to issue a 1099-Misc to these clients?&nbsp;</SPAN></P> Thu, 03 Dec 2020 18:24:53 GMT unomoss1 2020-12-03T18:24:53Z https://ttlc.intuit.com/community/business-taxes/discussion/corporate-gifts-to-clients-do-we-need-to-issue-a-1099/01/1749901#M57445 <P><SPAN>We gave 2 clients large gifts this year (around $5k each in the form of a gift card). I know we can only deduct $25 per person. However, do we need to issue a 1099-Misc to these clients?&nbsp;</SPAN></P> Thu, 03 Dec 2020 18:24:53 GMT https://ttlc.intuit.com/community/business-taxes/discussion/corporate-gifts-to-clients-do-we-need-to-issue-a-1099/01/1749901#M57445 unomoss1 2020-12-03T18:24:53Z https://ttlc.intuit.com/community/business-taxes/discussion/re-corporate-gifts-to-clients-do-we-need-to-issue-a-1099/01/1749920#M57446 <P>No 1099 needed unless this is intended to be a prize or award.</P> Thu, 03 Dec 2020 18:45:55 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-corporate-gifts-to-clients-do-we-need-to-issue-a-1099/01/1749920#M57446 M-MTax 2020-12-03T18:45:55Z