Form 1099-MISC | Miscellaneous Income

Form 1099-MISC – Miscellaneous Income is the information return used for reporting various types of miscellaneous income. The Internal Revenue Service requires taxpayers to file Form 1099-MISC for payments that exceed $600 for the following types of payments.

• Rents
• Crop insurance proceeds
• Attorney payments
• Healthcare payments
• Other income payments
• Fishing boat proceeds
• Cash payments for fish

In addition to above, file Form 1099-MISC for royalty and broker payments in lieu of dividends that exceed $10.