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This article demonstrates how to add complete Form 1099-MISC. |
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About Form 1099-MISC
Taxpayers should receive a 1099-MISC form, if they earned at least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest, or more than $600 in:
Rents
Prizes and awards
Other income payments
Medical and health care payments
Crop insurance proceeds
Cash payments for fish
Cash payments for attorney services
Fishing boat proceeds
Form 1099-MISC must be linked to 1040, SCH C, E, or F.
Failure to link 1099-MISC to the proper form will result in failure to pay the proper amount of taxes.
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Adding Form 1099-MISC
Select Add Form.
Locate Form 1099-MISMISC in the All Forms & Schedules Menu. Double-click to add.
If a joint return, choose New Taxpayer's or New Spouse's Occurrence.
Complete the 1099-MISC, filling in all applicable sections.
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Related Articles SCH C (Form 1040) Profit or Loss from Business (Sole Proprietorship) |