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February 21, 2025
Question

On my 1099 misc, I have $2175.00 but I'm not sure what this was from. What di I enter for description?

  • February 21, 2025
  • 2 replies
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    2 replies

    VolvoGirl
    February 21, 2025

    Who is it from?  You should ask the payer why you got it.  

    February 21, 2025

    You might receive form 1099-Misc  If you received certain payments above certain amounts for your trade or business unrelated to nonemployee compensation for the following items:

    • At least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest.
    • At least $600 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.

    irs.gov

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