Category
Payables

Form 1099-Misc is used to report payments to individuals who receive payment of:

​​​​​​ ​$10 or greater for payments of Royalties

 $600 or greater for:

  • Rentals (meeting rooms, real estate, supplies, equipment and hotel rooms),
  • Prizes, stipends and awards.
  • Other income payments.
  • Medical and health care payments.
  • Payments to an attorney or for legal settlements.

Payments to most incorporated vendors, government agencies, and non-profit vendors are excluded from 1099-MISC reporting.