1099 reportability of fees for FOB
October 11, 2021
Q. If a vendor does not charge for freight, but charges a fee for FOB, is this fee 1099 reportable?
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
If stated in that way on the invoice, the "FOB" fee is not a Form 1099 reportable amount.
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