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Old Dec 22, 2011 | 8:52 am
  #102  
JATR4
 
Join Date: Oct 2011
Location: North Carolina
Posts: 613
Originally Posted by pcharles

...Want a nightmare for tonight's slumber? 1099-Misc can be generated for any amount and should be generated/reported for any amount over $600...
Can you give an official (IRS) reference for this claim? And what do you mean by "any amount" over $600? There is a requirement for rents, services, etc. but your statement seems a little broad. The IRS has specific instructions for the 1099-MISC and it should not be confused with the 1099-K.

I know of no such requirement.
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