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mariols
New Member

I RECEIVED A 1099-MISC FROM A HOSPITAL FOR PARTICIPATING IN A DRUG PROGRAM RECD $1000.00 ARE ALL MONIES TAXABLE?

I WAS TOLD THAT $600.00 WOULD BE NON-TAXABLE. 

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KatrinaB
Intuit Alumni

I RECEIVED A 1099-MISC FROM A HOSPITAL FOR PARTICIPATING IN A DRUG PROGRAM RECD $1000.00 ARE ALL MONIES TAXABLE?

Yes, all of the money is taxable. Yet, if you had earned less than $600 you wouldn't have received a form 1099-misc. Companies are only required to send 1099-misc forms out when they have paid more than $600 to someone.

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1 Reply
KatrinaB
Intuit Alumni

I RECEIVED A 1099-MISC FROM A HOSPITAL FOR PARTICIPATING IN A DRUG PROGRAM RECD $1000.00 ARE ALL MONIES TAXABLE?

Yes, all of the money is taxable. Yet, if you had earned less than $600 you wouldn't have received a form 1099-misc. Companies are only required to send 1099-misc forms out when they have paid more than $600 to someone.

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