When royalties are paid,at the end of the year the payer sends the recipient a Form ________.

Question

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A Form 1099-MISC is typically issued by the payer to report any payments of $10 or more made to a non-employee for services performed. Royalties are considered payments for the use of intellectual property and are generally reported on this form. The recipient of the royalties would use this form to report the income on their tax return. The other choices (B) Schedule K-1, (C) Schedule C, and (D) 1099-INT are used for different types of income or tax reporting situations.

When Royalties Are Paid,at the End of the Year the Payer