What type of income was reported on your 1099 Misc.?
If you received certain payments above certain amounts for your trade or business unrelated to nonemployee compensation for the following items, they will typically be reported to you on Form 1099-MISC:
- At least $10 in royalties (box 2) or broker payments in lieu of dividends or tax-exempt interest (box 8).
- At least $600 in:
- rent (box 1)
- prizes and awards (box 3)
- other income payments (box 3)
- generally, the cash paid from a notional principal contract to an individual, partnership or estate (box 3)
- any fishing boat proceeds (box 5)
- medical and health care payments (box 6)
- crop insurance proceeds (box 9)
- payments to an attorney (box 10)
- Section 409A deferrals (box 12)
- nonqualified deferred compensation (box 14)
- You should also receive Form 1099-MISC from any business or person that withheld any federal income tax on your behalf under backup withholding rules, regardless of amount withheld or the amount paid.
To report your form: Where do I enter a 1099-MISC?