Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   1099 MISC reporting amounts (https://www.askmehelpdesk.com/showthread.php?t=807879)

  • Feb 4, 2015, 01:09 PM
    charlib63
    1099 MISC reporting amounts
    When creating a 1099 MISC form, if one box is over $600 but you also have another box with an amount of less than $600, do you also report that amount on the form?

    For example, I need to report $750 in box 1 Rents, but I also have an amount of $400 in Box 7 for the same person. Would I leave off the Box 7 value since it is under the threshold for box 7 or include it?
  • Feb 4, 2015, 06:44 PM
    AtlantaTaxExpert
    The reporting thresholds for rent and non-employee compensation are different.

    As noted, your payment for Box #7 is BELOW the threshold, so I would NOT report it.

  • All times are GMT -7. The time now is 11:50 PM.