Taxes related to TD AMERITRADE offers are your responsibility. Retail values totaling $600 or more during the calendar year will be included in your consolidated Form 1099.
Does this mean I will be reporting $600 as recieved income, and will be subject to appropriate income taxes?
2007-11-08 02:20:38 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
No-it means IF the value is over $600 during a calendar year they will be sending you (and the IRS) a 1099. If it is less than $600 they will not, BUT you are still responsible to include the amount on your tax return-Whether or not you receive a 1099.
2007-11-08 06:09:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It means that taxes are your responsibility. If they pay you more than $600 in any one year, they will send you a Form 1099. (You still need to claim all of the income, you just might not get a 1099 if it's less than $600.)
2007-11-08 03:55:58 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
dont forget, it says "Retail values totaling $600 OR MORE..."
you could be held accountable for more but don't worry it isn't like your going to have to pay $380 on $600 income. you might want to stash away a hundred for tax time next year.
2007-11-08 02:30:04 · answer #3 · answered by ron197192064 4 · 0⤊ 0⤋
"Giant" means very large. It says "hand-printed" so it means she writes the poems by hand in very big letters. "Prints" is a type of artwork: a picture printed on paper. They are frequently inexpensive copies of oil paintings.
2016-05-28 10:10:54 · answer #4 · answered by ? 3 · 0⤊ 0⤋
yes, and they will do so by sending you and the IRS the 1099.
2007-11-08 02:26:55 · answer #5 · answered by libbygail_51 3 · 1⤊ 0⤋
Well, it depends..
2016-08-26 05:59:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋