What is a 1099?
There are different versions of Form 1099. One of the most common is the
1099-MISC. This form is used to report miscellaneous income from work provided
for an organization in which you are not an employee. It takes the place of a
W-2 form from that employer. The form is also used to report winnings of $600
or more. In both cases, you will receive a 1099 statement via mail just as you
would receive a W-2.
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