Report rent, royalties, prizes, awards, crop insurance proceeds, medical payments, and other miscellaneous income.
The IRS is retiring FIRE. It accepts information returns until 3 p.m. ET on 19 November 2026, and from 1 January 2027 IRIS is the only electronic channel - including for prior-year returns and corrections. New Transmitter Control Codes are no longer issued through FIRE, so a TCC application now has to go through IRIS.
IRS noticeForm 1099-MISC reports various types of miscellaneous income that don't fall under non-employee compensation (which moved to 1099-NEC in 2020). This includes payments for rent, royalties, prizes and awards, medical and health care payments, fishing boat proceeds, and payments to attorneys.
Filing threshold: $600 (most boxes) / $10 (royalties)
Paper Filing
February 28
Electronic Filing
March 31
Recipient Copy
January 31
$60-$310 per form depending on how late; up to $630 for intentional disregard
2024 penalty tiers: $60/form (≤30 days late) → $130/form (31 days-Aug 1) → $310/form (after Aug 1) → $630/form (intentional disregard). Small business caps may apply.
| Box | Description |
|---|---|
| Box 1 | Rents |
| Box 2 | Royalties |
| Box 3 | Other income |
| Box 4 | Federal income tax withheld |
| Box 5 | Fishing boat proceeds |
| Box 6 | Medical and health care payments |
| Box 8 | Substitute payments in lieu of dividends |
| Box 9 | Crop insurance proceeds |
| Box 10 | Gross proceeds paid to an attorney |
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Yes. 1099-MISC is still required for rent, royalties, prizes, medical payments, crop insurance, and other categories. Only non-employee compensation moved to 1099-NEC.
Box 1 is specifically for rental income. Box 3 covers miscellaneous other income like prizes over $600, punitive damages, or Indian gaming profits.
Generally no, unless the payment is for medical/health care, attorney fees, fish purchases, or gross proceeds to an attorney - those must be reported regardless of entity type.
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