What is a 1099-MISC?
Most commonly, you'll get Form 1099-MISC (Miscellaneous Income) for work you performed or services you provided as a non-employee. In this case, the 1099-MISC is to you what a W-2 would be to an employee.
You can also get a 1099-MISC for other kinds of income, like monetary prizes or awards, royalties, rent payments, and gross attorney proceeds, to name a few. As its name implies, it's used to report income that doesn't "fit" anywhere else.
- Where do I enter a 1099-MISC?
- Does a 1099-MISC mean I'm self-employed?
- If I didn't get a 1099-MISC, do I still need to report the income?
- How do I delete a 1099-MISC?