Supported Federal Tax Form Definitions

The table below defines tax forms supported in 1099-Prep.

See https://www.irs.gov/forms-instructions to find definitions of all federal tax forms.

Form	Title	Description
1042-S	Foreign Person's U.S. Source Income Subject to Withholding	Used to report amounts paid to foreign persons that are described under Amounts Subject to NRA Withholding and Reporting, even if withholding is not required on the payments.
1094-C	Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns	NOTE: This is considered a Payer Federal Form. See Adding Payer Forms. Used to report to the IRS summary information for each employer and to transmit Forms 1095-C to the IRS. Form 1095-C is used to report information about each employee.
1095-C	Employer-Provided Health Insurance Offer and Coverage	Form 1095-C is filed and furnished to any employee of an Applicable Large Employers (ALE) member who is a full-time employee for one or more months of the calendar. ALE members must report that information for all twelve months of the calendar year for each employee.
1098	Mortgage Interest Statement	Used to report mortgage interest, including points, of $600 or more.
1098-C	Contributions of Motor Vehicles, Boats, and Airplanes	File a separate Form 1098-C with the IRS for each contribution of a qualified vehicle that has a claimed value of more than $500.
1099-B	Proceeds from Broker and Barter Exchange Transactions	Used to report capital gains and losses from broker and barter exchange transactions in the preceding year.
1099-C	Cancellation of Debt	This form should be filed for each debtor for whom you canceled $600 or more of debt owed to you based on specific criteria.
1099-DIV	Dividends and Distributions	Used by banks and other financial institutions to report dividends and other distributions to taxpayers and to the IRS.
1099-INT	Interest Income	Used by banks and financial institutions that pay interest, to report interest income.
1099-K	Payment Card and Third-Party Network Transactions	Information return used to report certain payment transactions to improve voluntary tax compliance.
1099-MISC	Miscellaneous Income/Information	Used to report certain types of nonemployee compensation.
1099-NEC	Nonemployee Compensation	Used to report compensation paid by a business to someone who is not an employee.
1099-OID	Original Issue Discount	Used to report income when bonds, notes, or certificates of deposit are sold at a discount (or at a price less than the value you can redeem them for) from their maturity value.
1099-R	Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.	File Form 1099-R for each person to whom you have made a designated distribution or are treated as having made a distribution of $10 or more.
1099-S	Proceeds from Real Estate Transactions	Used to report the sale or exchange of real estate.