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1099 reporting of software renewal fee
March 27, 2023
Q. Would a software renewal fee paid to a non-corporation vendor be reported on 1099-MISC in Box 1 rentals, or Box 2 royalties?
A.
(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.)
Payments for software licenses could be goods purchases, royalties, rental payments, or payments for services. You must determine what it is you are…
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