1099s for DTCC encash payments

Date: Fri, 01/22/2010 - 13:15

Submitted by anonymous
on Fri, 01/22/2010 - 13:15

Posts: 202330 Credits: [Donate]

Total Replies: 2

ARe 1099s sent out for DTCC encash payments?

Quote:

Originally Posted by Anonymous

ARe 1099s sent out for DTCC encash payments?

Nope, 1099c form is issued when the creditor writes off a debt. The IRS considers the forgiven amount as income for the debtor.

Submitted by anonymous on Sun, 01/24/2010 - 23:11

( Posts: 202330 | Credits: )

1099's are issued if you earn more than 600.00. If you received from dvv more than 600.00 a 1099 must by law be issued

Submitted by anonymous on Wed, 01/27/2010 - 01:48

( Posts: 202330 | Credits: )