A 1099 form is a U.S. tax document used to report income other than wages, salaries, and tips. The IRS issues several variants, each covering a specific income type:
1099-INT: Interest income
1099-DIV: Dividend income
1099-G: Unemployment compensation and government payments
1099-R: Retirement plan distributions
1099-MISC: Miscellaneous income including rents, royalties, and certain legal settlements
1099-NEC: Self-employment and nonemployee compensation
1099-K: Payments received through third-party platforms such as PayPal, Venmo, and Etsy
1099-DA: Digital asset and cryptocurrency transactions (introduced for tax year 2025)
SSA-1099: Social Security benefits
Any income reported on a 1099 must generally be included on your federal tax return, regardless of whether the form was received. Businesses filing 10 or more information returns annually are required to file electronically. The standard reporting threshold of $600 applies through the 2025 tax year, rising to $2,000 in 2026 under the One Big Beautiful Bill Act, with inflation adjustments each year thereafter.
IRS form versions are updated annually, always confirm you are using the correct version for the applicable tax year before filing.
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