![]() ![]() Use the sum total of your 1099 forms to calculate your total income and AGI. For example, you might receive a 1099-K form, which is used for payments via settlement entities (like PayPal) to record your business transactions for the year. ![]() The IRS requires businesses to issue a form 1099 if they've paid you at least $600 that year.ĭepending on your money-making activities, you may receive a few different 1099 forms to track your income. For example, if you're a freelancer or own your own business, you’ll likely receive several 1099 forms from your clients. The 1099 form, by contrast, records income you received as an independent contractor or for some other source of income. ![]()
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