Comments on: What Are the Different 1099 Tax Forms?

By: Tom Malson

Tom Malson — Wed, 10 Apr 2013 19:01:34 +0000

Good afternoon,
This year I have purchased Medical equipment for some of my customers from the company I sell for. I resold this equipment at a lesser value then what I purchased it for in some cases. The purchasers of the equipment issued me 1099-misc forms at the discounted price. What forms do I need to file for this adjusted income? Thank you
Tom

By: sobande

sobande — Wed, 13 Feb 2013 06:22:37 +0000

I am a finance operator at a car dealership. I earn a percentage of sales from all warranty products and other additional services that are sold to client when they purchase a car. If the client sells or trades their car prior to the term of the warranty product they purchased, I am charged with percentage that was issued to me earlier (called a chargeback). Where do I report this information in the turbo tax program? I have $21, 000 in chargebacks for 2012 that needs to be deducted from my w-2

By: jim

jim — Fri, 01 Feb 2013 00:04:06 +0000

If the company paid you more than $600, they should issue you a 1099. Either way, you are responsible for reporting that income on your return. You are not responsible for filing the 1099 itself.

By: jim

jim — Fri, 01 Feb 2013 00:03:16 +0000

If the company paid you more than $600, they will issue you a 1099 form. Either way, you will need to report that income on your tax return. You won’t have to worry about filing a 1099 though, that would be their responsibility.

By: Diane Vance

Diane Vance — Thu, 31 Jan 2013 18:07:14 +0000

I have done mystery shopping and need to report the income will the company(s) that I received payment from mail me a 1099 form or am I responsible for all the paperwork? Thanks

By: Erika Stoker

Erika Stoker — Tue, 29 Jan 2013 19:53:05 +0000

I run a Childcare and am partially paid by the county. When I import my business into turbotax, those payments are added into my income. Then when I enter the 1099 misc forms that were sent to me by the county, am I double taxed? The amount that I owe goes up on Turbo tax. What do I do?

By: TurboTaxLisa

TurboTaxLisa — Mon, 02 Apr 2012 03:57:39 +0000

Hi Marie,
Unfortunately, you do still have to file your 1099, as the company reports the same amount on the 1099 to the IRS. TurboTax will guide you through the entries for business.
Thank you,
Lisa Greene-Lewis

By: Marie Bowen

Marie Bowen — Fri, 30 Mar 2012 14:43:09 +0000

Do I have to file a 1099 when I have sold products BUT have returned 90% of the products? The company I sold products for still owe me about $1300.00, which I haven’t received back.

By: Mohamed

Mohamed — Wed, 14 Mar 2012 06:27:51 +0000

Can I just say what a relief to find soneome who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

By: TurboTaxLisa

TurboTaxLisa — Sun, 26 Feb 2012 00:59:49 +0000

Hi Tom,
Are you saying you received a form 1099-int and you need to put the info on your tax return? If so, TurboTax will guide you through entering the proper information and put that info on the proper form on your tax return.
Thank you,
Lisa Greene-Lewis

By: Tom

Tom — Thu, 23 Feb 2012 19:35:10 +0000

I need to fill out a 1099-int for 2011. Where can I get the form so that I can complete it on line?

By: TurboTaxLisa

TurboTaxLisa — Mon, 28 Nov 2011 04:40:09 +0000

TurboTax has the state tax forms necessary to file.

Thank you,
Lisa Lewis

By: Tax forms 2011

Tax forms 2011 — Sat, 19 Nov 2011 09:35:47 +0000

Wow i like this post about tax forms. but how can i get my state tax forms from internet