1099 Income

File Form 1099-MISC for each person to whom you have paid during the year:

• At least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest.

• At 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.

In addition, use Form 1099-MISC to report 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.