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    amylongoria's Avatar
    amylongoria Posts: 2, Reputation: 1
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    #1

    Jan 28, 2010, 02:24 PM
    W2 & 1099 what do I do?
    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's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    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's Avatar
    amylongoria Posts: 2, Reputation: 1
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    #3

    Jan 28, 2010, 03:09 PM
    Thanks, I thought this was the answer, but wanted to be sure.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
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    #4

    Jan 29, 2010, 01:55 AM

    Yes, you must include the income. It is other income on line 21 of Form 1040.
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