For exceptions and more details, go to the IRS instructions for 1099-MISC.
If you use Box 8 or 14 on a 1099, your deadline for providing 1099-MISC copies to the contractor is extended to Feb 15, 2017.
Our service doesn't support boxes 11 or 12 (foreign tax paid), or boxes 15 through 18 (not required by the IRS).
| Box | Description |
|---|---|
| Rents (Box 1) | The amount for rent compensation by a tenant to a landlord or owner for the use of land, buildings, or any property |
| Royalties (Box 2) | Gross royalties (before reduction for fees, commissions or expenses paid by a publisher to an author or literary agent. |
| Other income (Box 3) | Other income that is not reportable in one of the other boxes on the 1099-MISC form. |
| Federal income tax withheld (Box 4) | Backup withholding. This box must contain a positive amount (as required by the IRS), and will print as a positive amount on the form, even if you've recorded it elsewhere as a negative (withheld) amount. |
| Fishing boat proceeds (Box 5) | The share of all proceeds from the sale of a catch or the fair market value of a distribution to each crew member of fishing boats with less than 10 crew members. |
| Medical and health care payments (Box 6) | Payments of $600 or more made to medical or health care service providers. |
| Nonemployee compensation (Box 7) | The total amount of payments for the year to this individual, partnership, corporation, or estate. |
| Substitute payments in lieu of dividends or interest (Box 8) | Aggregate payments of at least $10 received by a broker for a customer in lieu of dividends or tax-exempt interest as a result of a loan of a customer's securities. |
| Direct sales (Box 9) | The amount of direct sales of consumer products, buy-sell or commission. We will report an “X” for any amounts of $5000 or greater. |
| Crop insurance proceeds (Box 10) | Crop insurance proceeds of $600 or more paid to farmers by insurance companies. |
| Excess golden parachute payments (Box 13) | Any excess golden parachute payments. An excess parachute payment is the amount of the excess of any parachute payment over the base amount. |
| Gross proceeds paid to an attorney (Box 14) | Gross proceeds paid to an attorney for legal services (regardless of whether the services are performed for the payer) |
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