Form 1099 (General Overview)

Full explanation

The 1099 series encompasses over 20 different forms, each reporting a specific type of income: 1099-NEC ($600+ freelance/contractor pay), 1099-INT ($10+ bank interest), 1099-DIV ($10+ dividends), 1099-B (investment sale proceeds), 1099-K (payment card/platform transactions over $20,000 and 200 transactions), 1099-DA (digital asset/crypto sales, new for 2026), 1099-R (retirement distributions), 1099-MISC (rents, royalties, prizes), 1099-G (unemployment, state refunds), 1099-S (real estate proceeds), and 1099-C (canceled debt over $600). All 1099 forms are also filed with the IRS — they use automated matching to flag unreported income. Even if you don't receive a 1099, you're legally required to report all income.

Source: IRS General Instructions for Forms 1099