Tax Form 1099-MISC Explained || Rent, Royalty, Prizes Income
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YouTubeTax, Life & Finances
Tax Form 1099-MISC Explained || Rent, Royalty, Prizes Income
Until tax year 2020, form 1099-MISC was known for reporting non-employee income. Since then, non-employee income was moved by the IRS to form 1099-NEC. However, it is still used to report certain incomes such as royalties, rents, prizes, fishing activities, and health care payments. Timecodes: 00:00 - Intro 00:25 - Changes to 1099-MISC in 2020 ...
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