TurboTax FAQ
TurboTax FAQ
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What is a 1099-MISC?

A 1099-MISC is the form you get if you do contract or freelance work for a company. It has details about the money the company paid you for your work.

1099-MISCs are sent to people who are not considered employees of a company. People who are employees recieve a W-2 instead.

You can also get a 1099-MISC for other kinds of income, like prizes, awards, royalties, rent payments, to name a few.