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1099 reporting for gift cards
December 13, 2024
Q. For gift cards given out on behalf of the County, what type of activity do we need to issue 1099s? This would for both grant and non-grant funded programs. We are having difficulty to which situations we would need to issue a Form 1099 as it relates to different activities where gift card are used. For example, some are for the poor and interned, while others are given for community involvement.
A.
(Answered by IOFM's third-party tax experts)
Non-grant funded gift cards above the $600…
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