All Types of 1099s Explained

In my previous video, I talked about who gets a 1099 tax form and why. Today, we're gonna have an extensive discussion the different types of 1099 that you may receive and what you have to do with them.
Check out my previous video on the 1099s:
• Who Gets A 1099 And Why?
0:00 Introduction
0:53 The Three Common Types of 1099
1:05 Form 1099-INT: Interest Income
1:22 Form 1099-DIV: Dividends and Distributions
1:43 Form 1099-B: Sales Proceeds for Securities Sold in the Year
2:08 Form 1099-R: Reporting on Distributions
2:39 Form 1099-S: Sale of Real Estate
3:06 Form 1099-G: Government Payments
3:32 Form 1099-MISC & 1099-NEC: Non-wage Related Compensation
4:22 Form 1099-C: Cancellation of Debt
4:43 Form 1099-SA: Distributions from a Health Savings Account
4:43 Form 1099-K: Online Transactions
5:20 Form 1099-Q: Distributions from a 529 plan or a qualified tuition plan or a Coverdell Education plan
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DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS TAX, FINANCIAL, OR LEGAL ADVICE. EVERY PERSON’S SITUATION IS DIFFERENT AND YOU SHOULD CONSULT WITH YOUR OWN FINANCIAL AND TAX ADVISOR FOR ADVICE SPECIFIC TO YOUR SITUATION. COMMENTS ARE NOT REVIEWED

[@ACapReCap]

ACap will not respond to comments seeking tax or financial advice. Please consult a CPA or CFP who is familiar with your individual circumstances.

[@JustMe-ii1ql]

Do we have to send 1099 to suppliers who are manufacturing companies?

[@tanyaward7420]

I found these extremely helpful. Thank you for sharing. I was looking for additional videos from you. I didn't see any current ones. Do you have any uploaded?

[@ACapReCap]

Thank you so much for the kind comment. I am currently working on some new videos. Please let me know if you have any suggested topics.

[@amber7806]

I received a 1099 in my name and a relative's name. All of the proceeds were wired to me but we split the proceeds once I received them. Do we both claim the full amount of the proceeds since that is what is listed on the 1099 under my SS# or can we split the proceeds since that is what actually happened?

[@manuelguzmanjr6622]

I don't recall seeing a 1099-SA

[@onehunnit3234]

What about a 1099- NEC

[@ACapReCap]

Look at time stamp 3:32

[@tyronesteele6279]

You missed the 1099A

[@deepalikumbhare4603]

The background music is disturbing. Please have only your voice

[@ACapReCap]

I appreciate the feedback. I’ve removed the music from future videos.