required to send them or the IRS a Form 1099. WHAT'S NEW (or isn't) FOR 2024: - There was no change to the payment threshold for the requirement to prepare Form 1099-NEC (a proposal was passed in ...

You'll receive a Form 1099 if you earned money from a non-employer source. Here are some common types of 1099 forms: For the 2023 tax year, third-party payment processors only needed to send out ...

The brokerage that handled the transaction would file a 1099-B form with the IRS to report the sale and money you collected. It would also send you a ... your W-2 or 1099-NEC and TurboTax will ...

The Internal Revenue Service says companies that act as intermediaries for buyers and sellers must send tax Form 1099-K to any ... is also used for the 1099-NEC and 1099-MISC, forms used to ...