A variety of 1099 Forms are used to report income to the IRS A Form 1099 is issued to report non-employment income to the Internal Revenue Service (IRS). This type of income can include interest ...

1099-Q: The 1099-Q reports money that you ... a sale or an exchange of real estate furnishes this statement to you, reporting the proceeds. Again, the proceeds from the sale of your house or ...

The difference is taxable at ordinary income tax rates. The lender should report the sum to the IRS on Form 1099-C. In this case, you and the IRS should also receive a copy of Form 1099-A.

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 ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.

If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what ...

If you receive Social Security benefits, one of the key forms you'll need is the Social Security Benefit Statement, also known as SSA-1099 (or SSA-1042S for noncitizens). This document details the ...

And that threshold amount is slated to drop even more, with even more people likely to receive 1099-Ks next year: The $5,000 reporting threshold for tax year 2024 drops to $2,500 for 2025 and then ...