turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

BettyMeck
New Member

I am a vendor at an antique shop. should I receive a 1099-MISC for my vendor sales at the antique/consignment shop.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KristinaK
Employee Tax Expert

I am a vendor at an antique shop. should I receive a 1099-MISC for my vendor sales at the antique/consignment shop.

Instructions to Form 1099-MISC state that box 3 (Other Income) is usually for prizes, awards, taxable damages, etc. Form 1099-NEC is issued for services provided. Neither of these forms falls under the sale of merchandise. 

 

Moreover, Sec. 6041-3(c) states that no 1099 should be issued for merchandise. So to answer your question, the antique shop may issue you a 1099 but they are not required to. And really shouldn't be issuing it. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies