You could receive a 1099-MISC for several reasons:
- Are you self-employed?
- Do you receive income from rental real estate property, equipment rentals or other property rentals?
- Do you receive royalty income for the use of your intangible property such as patents, copyrights, trademarks and tradenames?
- Did you win a large prize or sweepstakes?
- Did you do repair work for someone? Did a business hire you to do a one-off job? Are you an owner-operator truck driver? Do you work for a company on your own time, when you want to?
If you answered “YES” to any of the above questions, then there’s a chance you may receive a 1099-Misc.
Generally, income received in the course of your trade or business from individuals or organizations for whom you are not employed, is reported on Form 1099-Misc.