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Should a book offered in exchange for servces be reported on a 1099-NEC?
September 13, 2023
Q. A resident physician provided ACLS instructor course services over $1,000 and now is planning to give a lecture without payment. If a book purchase of up to $200 is offered to the physician, should this be included in 1099-NEC box 1 reporting?
A.
(Answered by IOFM's third-party tax experts)
It's reportable on Form 1099-NEC if the payee is making the speech as a true independent contractor (and assuming that the total of all NEC-type payments to this person is $600 or more in this year). If…
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