If I gave restricted stock to independent contractors, when I give them a 1099 Misc? Do I report it in box 3?
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If I gave restricted stock to independent contractors, when I give them a 1099 Misc? Do I report it in box 3?

 
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If I gave restricted stock to independent contractors, when I give them a 1099 Misc? Do I report it in box 3?

Non-employee compensation is reported in box 7 for Form 1099-MISC.

There are specific rules and elections for valuing, deducting and timing of restrictive stock, click here for IRS publication 525, Taxable and Nontaxable Income.

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