Are film rentals reportable on Form 1099-MISC, Box 1?
January 29, 2019
A. Yes, if they are actually rentals. If they are actually royalties, they are reportable in box 2, which has a $10, not $600, threshold. You will have to check the terms of your agreement to determine whether the payments are rentals or royalties.
This question was answered by COKALA Tax Information Reporting Solutions, LLC, 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,…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise member — or upgrade your Starter membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!