{"id":1177,"date":"2018-02-09T01:05:55","date_gmt":"2018-02-09T06:05:55","guid":{"rendered":"https:\/\/www.etax.com\/blog\/?p=1177"},"modified":"2020-05-20T12:21:32","modified_gmt":"2020-05-20T16:21:32","slug":"different-types-1099-forms","status":"publish","type":"post","link":"https:\/\/www.etax.com\/blog\/2018\/02\/09\/different-types-1099-forms\/","title":{"rendered":"Different Types of 1099 Forms"},"content":{"rendered":"<p class=\"p2\"><span class=\"s2\">There are many different Form-1099s that you may encounter when tax season rolls around. Some of the most common include:<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\"><b>1099-A: <\/b>If your mortgage lender cancels some or all your mortgage, or your home was sold in a short sale, you\u2019ll likely receive a 1099-A. Because the IRS considers canceled debt to be equivalent to income, it becomes taxable. <\/span><\/p>\n<p class=\"p2\"><span class=\"s2\"><b>1099-B: <\/b> For income related to the sale of several different types of securities.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\"><strong>1099-C<\/strong>: Convinced a lender to settle on any amount you owe for less than the original principal? That\u2019s great, however you\u2019re still responsible. The IRS will consider the forgiven amount to be taxable income, as reported on the 1099-C.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\"><b>1099-DIV: <\/b>Any dividends that you have received are reported on this version of the form. Dividends from a shared credit union account are considered interest and they appear on the 1099-INT. <\/span><\/p>\n<p class=\"p2\"><span class=\"s2\"><b>1099-G: <\/b>Money received from the state, local, or federal government is reported on this form. This can be a tax refund, credit or offset. Those who received unemployment compensation will have their income reported on a 1099-G as well. <\/span><\/p>\n<p class=\"p2\"><span class=\"s2\"><b>1099-INT: <\/b>Earnings of over $10 in interest from a bank, brokerage, or financial institution will grant you the opportunity to receive a 1099-INT.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\"><b>1099-MISC: <\/b>Income that doesn\u2019t specifically fit into any other 1099 form can be recorded on this one. Any prizes or awards are considered 1099-MISC income.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\"><b>1099-R: <\/b>Distributions from pensions, retirements, profit shares, IRAs, or annuities are reported on this form. Some loans from retirement plans are considered to be distributions, and therefore reported on this form. Payments for total and permanent disability payment under life insurance will grant you one of these 1099s as well. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are many different Form-1099s that you may encounter when tax season rolls around. Some of the most common include: 1099-A: If your mortgage lender cancels some or all your mortgage, or your home was sold in a short sale, you\u2019ll likely receive a 1099-A. Because the IRS considers canceled debt to be equivalent to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[577,259,543,261,266,275,91,271],"class_list":["post-1177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income","tag-1099-a","tag-1099-b","tag-1099-c","tag-1099-div","tag-1099-g","tag-1099-int","tag-1099-misc","tag-1099-r"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Different Types of 1099 Forms - eTax.com\u00ae Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etax.com\/blog\/2018\/02\/09\/different-types-1099-forms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Different Types of 1099 Forms - eTax.com\u00ae Blog\" \/>\n<meta property=\"og:description\" content=\"There are many different Form-1099s that you may encounter when tax season rolls around. Some of the most common include: 1099-A: If your mortgage lender cancels some or all your mortgage, or your home was sold in a short sale, you\u2019ll likely receive a 1099-A. Because the IRS considers canceled debt to be equivalent to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.etax.com\/blog\/2018\/02\/09\/different-types-1099-forms\/\" \/>\n<meta property=\"og:site_name\" content=\"eTax.com\u00ae Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eTaxcom-135749976483724\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-09T06:05:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-20T16:21:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.etax.com\/blog\/wp-content\/uploads\/2018\/02\/blank-composition-desk-display-317355.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1271\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2018\\\/02\\\/09\\\/different-types-1099-forms\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2018\\\/02\\\/09\\\/different-types-1099-forms\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#\\\/schema\\\/person\\\/ddb9378caffbf2f32f89a84d213b3ef4\"},\"headline\":\"Different Types of 1099 Forms\",\"datePublished\":\"2018-02-09T06:05:55+00:00\",\"dateModified\":\"2020-05-20T16:21:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2018\\\/02\\\/09\\\/different-types-1099-forms\\\/\"},\"wordCount\":286,\"publisher\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2018\\\/02\\\/09\\\/different-types-1099-forms\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/blank-composition-desk-display-317355.jpg\",\"keywords\":[\"1099-A\",\"1099-B\",\"1099-C\",\"1099-DIV\",\"1099-G\",\"1099-INT\",\"1099-MISC\",\"1099-R\"],\"articleSection\":[\"Income\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2018\\\/02\\\/09\\\/different-types-1099-forms\\\/\",\"url\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2018\\\/02\\\/09\\\/different-types-1099-forms\\\/\",\"name\":\"Different Types of 1099 Forms - 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