Karen Wu

Form Title Report Threshold Purpose 1099-NEC Nonemployee Compensation $600 (2025: $2,000+) Reports payments to independent contractors or freelancers. 1099-MISC Miscellaneous Income $10 or $600 (2025: $2,000+) Reports rent, prizes, legal fees, medical payments, etc.(2025 update: $2,000+) 1099-INT Interest Income $10 or $600 Reports interest income over $10 from banks or financial institutions. 1099-DIV Dividends and…

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