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Level 1

Issuing 1099's what some payments are card and some check

For some vendors that require 1099's, we paid a few of the invoices via credit card and others via check.   Would I only put the total of the checks paid on the 1099 form since we are not supposed to report credit card payments?

 

This includes LLC vendors and also Lawyer payments.  Thanks!

2 Comments
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Level 2

Issuing 1099's what some payments are card and some check

If the vendor require a 1099, you report all payments. As far as the IRS is concerned, a payment is a payment, be it cash, check, credit card, or bartered services. If it has a value, it is concidered income.

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Level 5

Issuing 1099's what some payments are card and some check

JKC122, Charles1 is right, payment method is irrelevant in your case.  There is a small loophole for payments by gift card for very small amounts.  Doesn't sound like that applies in your case.  Payments is payments, tax deductible thankfully!

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