|

Common IRS Forms That Report Taxpayer Income (with Form 1040)

๐Ÿ’ก Common IRS Forms That Report Taxpayer Income (with Form 1040)

No alternative text description for this image


Each of these forms can indicate potential sources of gross income for tax reporting:-

1)๐Ÿ“„ W-2 โ€“ Wage and Tax Statement
2)๐ŸŽฐ W-2G โ€“ Certain Gambling Winnings
3)๐Ÿ’น Form 1099-B โ€“ Proceeds from Broker & Barter Exchange Transactions
4)๐Ÿ’ธ Form 1099-C โ€“ Cancellation of Debt
5)๐Ÿฆ Form 1099-DIV โ€“ Dividends and Distributions
6)๐Ÿ›๏ธ Form 1099-G โ€“ Certain Government Payments
7)๐Ÿ’ฐ Form 1099-INT โ€“ Interest Income
8)๐Ÿ’ณ Form 1099-K โ€“ Payment Card & Third Party Network Transactions
9)๐Ÿ“ฆ Form 1099-MISC โ€“ Miscellaneous Income
10)๐Ÿ‘ท Form 1099-NEC โ€“ Nonemployee Compensation
11)๐Ÿ“ˆ Form 1099-OID โ€“ Original Issue Discount
12)๐Ÿค Form 1099-PATR โ€“ Taxable Distributions From Cooperatives
13)๐ŸŽ“ Form 1099-Q โ€“ Payments From Qualified Education Programs (Sec. 529 & 530)
14)๐Ÿช™ Form 1099-R โ€“ Distributions From Pensions, Annuities, Retirement Plans, IRAs, etc.
15)๐Ÿ  Form 1099-S โ€“ Proceeds From Real Estate Transactions
16)๐Ÿ’Š Form 1099-SA โ€“ Distributions From HSA, Archer MSA, or Medicare Advantage MSA
17)๐Ÿ‘ฅ Schedule K-1 (Form 1065) โ€“ Partnerโ€™s Share of Income, Deductions, Credits
18)๐Ÿข Schedule K-1 (Form 1120-S) โ€“ Shareholderโ€™s Share of Income, Deductions, Credits

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *