Quote:
Originally Posted by RichMSN
Tim,
As Bob said, the assignor or whoever is paying issues the 1099. I filed before receiving a 1099 last year, but it was no big deal because all the income was included on my return, 1099 or no 1099. ALL income is taxable.
--Rich
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$600 from a single customer is the threshold for reporting on a 1099. $1 is the threshold for reporting on a 1040. All income is reportable; the taxable portion is unique to each taxpayer.