1099-R reports distributions from retirement savings accounts, pensions, annuities, profit-sharing plans and life insurance contracts.You won't pay taxes on them if you used them for qualified education expenses. The form reports your gross distributions and earnings separately. 1099-Q reports withdrawals from qualified education programs, such 529 college-savings plans and Coverdell education savings accounts.1099-OID reports money you received from certain types of bonds.Prior to 2020, this income was generally reported on Form 1099-MISC. 1099-NEC reports freelance or consulting work earnings.1099-MISC reports several types of miscellaneous payments – for example, if you earned $600 or more in prizes and awards – plus other types of income.Contact your long-term care insurance company for more information. These aren't usually taxable if they were paid from a tax-qualified long-term care insurance contract (the insurer may check the “qualified contract” box on the form if it is tax qualified). 1099-LTC reports l ong-term care insurance benefits you received. ![]() The form reports the interest income you received, any federal income taxes withheld, tax-exempt interest and other information. 1099-INT reports interest income typically of $10 or more from your bank, credit union or other financial institution. ![]()
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