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View Full Version : W2 & 1099 what do I do?


amylongoria
Jan 28, 2010, 02:24 PM
I receive a normal income from my employer. I received a 1099 misc from my bank for $100 that they gave me when I opened an account. I am also expecting another 1099 for some tickets I won from a radio station valued at $160. Do I need to include these 1099 or can I leave them off my tax return?

ebaines
Jan 28, 2010, 02:47 PM
You must incude them as income - any 1099's over $10 is reported to the IRS, and so their computers will catch you if you try to under-report your income.

amylongoria
Jan 28, 2010, 03:09 PM
Thanks, I thought this was the answer, but wanted to be sure.

MukatA
Jan 29, 2010, 01:55 AM
Yes, you must include the income. It is other income on line 21 of Form 1040.