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1099 reporting of gift cards given to non-employees
January 15, 2024
Q. Are there any situations that would make a difference in where to report a gift card amount for a non-employee? Specifically, it is our understanding that gift cards given to non-employees are reportable on a 1099 given that the total reportable amount is over the $600 threshold for the tax year.
However, we are uncertain if there are different situations which would require this amount to be reported on Form 1099-MISC vs. 1099-NEC. For instance, if a card is given to an independent…
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