Additional Income that must reflect or meet specific criteria to be reported on a form 1099.
To include that may come from the following sources
must be least $600 in:
- Rents.
- Prizes and awards.
- Other income payments.
- Medical and health care payments.
- Crop insurance proceeds.
- Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish.
- Generally, the cash paid from a notional principal contract to an individual, partnership, or estate.
- Payments to an attorney.
- Any fishing boat proceeds.
Income that you made direct sales of at least $5,000 of consumer products to a buyer for resale anywhere other than a permanent retail establishment.
- Payer made direct sales of $5,000 or more
- Crop insurance proceeds are reported
- Gross proceeds to an attorney are reported
- Section 409A deferrals are reported
- Nonqualified deferred compensation income is reported