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posted Jun 4, 2019 3:21:45 PM

Is there a minimum amount to issue a 1099-Misc for my contractor?

Someone once told me that you don't have to issue a 1099-Misc, if your contractor worked for under $600 per year. Mine only did work worth $194.94. Do I have to issue a 1099-Misc for this?

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Level 10
Jun 4, 2019 3:21:46 PM

You are not required to for amounts under $600. Do note that the contractor still must report all income on their return regardless of receipt of a 1099. You do NOT have to submit 1099's to corporations.

More info here: https://www.irs.gov/faqs/small-business-self-employed-other-business/form-1099-misc-independent-cont...

I am not a TT employee. I hope this helped.