1099-G reporting threshold
I have a income/payment of $288 for a 2019 Market Facilitation Program for crops. I did not receive a 1099-G for this payment. Do I need to report this payment on my tax return? If so, how?
I have a income/payment of $288 for a 2019 Market Facilitation Program for crops. I did not receive a 1099-G for this payment. Do I need to report this payment on my tax return? If so, how?
Yes, you need to report it if you received it in 2019.
If you are reporting your Farm on Schedule F, report it on line 8 as other income.
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