You will receive a 1099-C Cancellation of Debt form if a lender forgives more than $600 of taxable debt. You must include the ...

If this happens, also expect to receive Form 1099-C, since canceled debt is considered income. Form 1099-B documents income from the sale of securities at a brokerage or barter exchange.

For example, if you’re self-employed, you generally report your income from 1099-NEC on Schedule C, Profit or Loss from Business. You typically report information you receive on a 1099-B ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return ... [+] used to report certain ...

IRS 1099-K reporting requirements have caused a lot of confusion. That’s mainly because of changes to a federal tax reporting rule that requires third-party payment networks, including apps and ...