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Age threshold for 1099 reporting
February 1, 2023
Q. Payments to participants in a medical study are reported on 1099-MISC Box 3. What if the participant is a minor? Are there any age parameters for how old someone needs to be for them to receive a 1099?
A.
(Answered by IOFM's third-party tax experts)
No, there is no threshold age for being a reportable recipient for Form 1099-MISC.
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