If you earn interest, receive dividends, sell an investment, or receive other non-employee related payments, including business income, you will receive a Form 1099. This form is used when completing tax returns. There are a number of different types of Form 1099. For example, a Form 1099-S reports proceeds from real estate transactions, a Form 1099 MISC reports miscellaneous income, and a Form 1099-DIV reports investment dividends and distributions.
- Institution While 1099s may look different depending on the institution, the payer's information always appears near the top. This information includes: name of institution, address, and federal identification number.
- Recipient This is where your name and address goes. Be sure that there are no errors.
- Amount This is the amount paid to you for that year. You report this figure on your tax returns.
Disclosure: This sample form is for illustrative purposes only. Official form should be downloaded from the IRS website.