Questions tagged [form-1099]
For questions relating to the IRS tax form-1099. This does not include questions relating specifically to tax forms 1099-MISC or 1099-DIV, which have their own tags. This form is used to report the various types of income you may receive throughout the year other than the salary from an employer.
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1099B has two transactions, for one stock, listed under long term but dates span under 1 year. How to file?
I'm finishing up my taxes and I have a 1099-B where for one of the stocks, two transactions occurred where the purchase and sell date were under a year apart but is listed under long term with box D ...
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How to clarify to the irs that I hired contractors on upwork so I don't need to file 1099s?
I definitely spent more than $600 hiring contractors for my small business, but they were all hired on Upwork and Fiverr, freelancing platforms. Because I never paid my freelancers directly, I do not ...
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How do I determine my New York pension category?
I am filing my 2023 tax return for New York with H&R Block. When I import my 1099-R form for my retirement plan with Transamerica, I am asked to select a category for my New York pension. The ...
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Can i claim I received a payment in 2023 but it didnt actually arrive until 2024?
This is related to an earlier post. Link
It is January 2024. I received in the mail a 1099 for a company with whom I work as an independent contractor. The 1099 amount is wrong because it includes ...
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What to do after receiving 1099?
I know I need to report that income, but I'll already be doing so after downloading and summarizing my transactions via my bank.
Do I need to separately report income from each 1099?
Do I need to ...
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I was a W2 taxpayer now a new 1099 tax payer with a newly formed LLC with EIN number
I am being paid a 10k salary for driving the business from the company whose product i will be selling, but they are in Overseas. The newly formed LLC is me only at this stage? How can i overcome this ...
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Who will the Social Security Administration be mailing out a 1099 to for my deceased mother?
My mother died in June of 2023. She was collecting Social Security at the time. I am the executor of her estate. However, I have not officially notified the Social Security administration of that.
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Is there a way to file form 1099-NEC or 1099-MISC, in a privacy preserving way? Anonymous W-9?
As a rental property operator I know how to file forms 1099-NEC or 1099-MISC for payments to plumbers, heating companies and vendors. These folks all provide a W-9 on request.
How about for a payment ...
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Friend accidentally Venmo'd me rent as a commercial Venmo transaction. What are the tax implications of this?
I pay the full rent to our landlord and my friend sends me his share. When using Venmo, he accidentally ticked the 'goods and services' option which marks it as a commercial transaction. He sent me $...
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Possible incorrect tax exemption on form 1042-s? Where to show 1042-s interest income on 1040?
I have interest income on 1042-s, but was exempt from tax. My Box 3a is "02" and 4a is "15".
"02" refers to - exempt under IRC (code should only be used if no other ...
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What is the law/regulation which prohibits brokers from reporting basis on RSUs?
As far back as I can remember, the basis reported by my broker on my 1099 for vested RSUs has always been $0. Every year I receive a letter informing me that my broker is legally not allowed to report ...
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Can I count personal 1099 income as LLC revenue?
I have about 78k in 1099 income that was made out to me personally. I also recently formed an LLC with the election to be taxed as an S-corp - can I report this 1099 income as revenue to the LLC, ...
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I have an LLC taxed as an S-Corp. Can my LLC receive income on a 1099?
I have a single-member LLC taxed as an S-Corp. I'm a contractor and a lot of my clients pay on a 1099. Can I have those clients pay my LLC with that 1099, so I can consolidate my income as going to ...
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Applying 1099 Income to Solo401k Contributions
I have been doing contract work and receiving checks made out to me personally, which will be reported on a 1099.
I also just formed an S Corp for future employment to get some of the benefits there.
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Do businesses/trades issue 1099-NEC/MISC to only parent companies or only subsidiaries?
Do businesses/trades issue 1099-NEC/MISC to subsidiaries or only to the parent company?
If the parent company is a corporation, but the subsidiary may or not elect taxing as a corporation, does the ...
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