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timrwrfp
New Member

I received a 1099misc form from insurance company for income that was earned by my agent, do i need to send a 1099misc to him to document his income to the irs?

 
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WillK
Intuit Alumni

I received a 1099misc form from insurance company for income that was earned by my agent, do i need to send a 1099misc to him to document his income to the irs?

Yes. Since the 1099-MISC income was not earned by you, but your agent, you would need to send them a 1099-MISC for that amount so you can offset the income that was reported to you on the 1099-MISC. 

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WillK
Intuit Alumni

I received a 1099misc form from insurance company for income that was earned by my agent, do i need to send a 1099misc to him to document his income to the irs?

Yes. Since the 1099-MISC income was not earned by you, but your agent, you would need to send them a 1099-MISC for that amount so you can offset the income that was reported to you on the 1099-MISC. 

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