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Money reported on a 1099 form is generally taxable, but not always. For example, you’ll receive a 1099 reporting withdrawals from 529s and HSAs, but the money may not be taxable if you use it ...
Before the 2020 tax year, Form 1099-MISC was also used to report nonemployee compensation for independent contractors, freelancers, sole proprietors, and self-employed individuals.
If you were self-employed in 2020, you may have received Form 1099-NEC, Nonemployee Compensation, instead of Form 1099-MISC you may have received in years past. Why the change?
A 1099-INT tax form is a record that someone paid you at least $10 in interest throughout the year. Here's what to do with it.