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posted Mar 18, 2022 9:22:59 AM

Can merchandise giveaways from a company , NOT self employment income be reported on a 1099 NEC or does it have to be a 1099 miscellaneous?

Are free merchandise giveaways reported on a 1099 miscellaneous or a 1099 NEC?

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1 Replies
Expert Alumni
Mar 18, 2022 9:33:20 AM

Free merchandise giveaways would be reported on a 1099-MISC. See this information from the IRS about the 1099-MISC.