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"Don't report both, or you'll be double taxed," said ... and the IRS considers the difference between the two to be taxable income. Form 1099-Q documents "payments from qualified education programs." ...
These are the 1099 forms used to report payments to independent contractors, as well as things such as interest income and rent payments. Instructions on the IRS website detail exactly which ...
However, your IRA custodian is required to report QCDs as regular distributions on your 1099-R. Your tax preparer can override this misleading report by excluding the QCD from your taxable income ...
The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 ... Bill Ask the Editor In this week's Ask the Editor Q&A, we answer tax questions from readers on the House ...
Previously, only self-employed workers who netted at least $20,000 through Venmo, PayPal, CashApp, Stripe and similar apps received a 1099-K, which is used to report income from payment apps ...
It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form ... CNET It might be tempting to not report this money on your tax return, especially ...