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Reportability of customized merchandise
October 18, 2022
Q. Would customized products that vendor is printing or embroidering company logo be considered 1099 reportable?
A.
(Answered by IOFM's third-party tax experts)
No, what you have described is a payment for merchandise, not requiring Form 1099 reporting. If your institution were paying for the design and creation of a one-of-a-kind work, or paying for the design of a logo which would later be used in the production of merchandise, those would be payments for a service, subject to Form 1099-NEC…
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