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March 15, 2022
Question

Is a 1099-MISC the same as a "government (Form 1099-G)"?

  • March 15, 2022
  • 1 reply
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is a 1099-MISC a non-government benefit?

1 reply

ColeenD3
March 15, 2022

No, they are not the same at all. 1099-MISC is not issued by the government.

 

 A 1099-MISC is for any other miscellaneous income you received. Here are the other types of income that will be reported on Form 1099-MISC:

  • $10 or more in royalties or broker payments in lieu of dividends or tax-exempt interest.
  • $600 or more in:
    • Rents.
    • Prizes and awards.
    • Other income payments.
    • Medical and health care payments.
    • Crop insurance proceeds.
    • Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish.
    • Generally, the cash paid from a notional principal contract to an individual, partnership, or estate.
    • Payments to an attorney.
    • Any fishing boat proceeds.
    • $5,000 or more of direct sales of consumer products for resale