For each of the following payments, indicate the form that should be used to report the payment:
For each of the following payments, indicate the form that should be used to report the payment:
a. Interest of $400 paid by a bank _________________
b. Payment of $400 in dividends by a corporation to a shareholder_________
c. Periodic payments from a retirement plan___________________
d. Salary as president of the company____________________
e. Las Vegas keno winnings of $25,000____________________
Homework Answers
a. Form 1099-INT is used to report an interest paid by a bank.
b. Form 1099-DIV is used to report the dividend paid by a corporation to a shareholder.
c. Form 1099-R is used to report the periodic payments from a retirement plan
d. Form W-2 is used to report the salary for the payment.
e. Form W-2G is used to report the Las Vegas keno winnings.
Add Answer to:
For each of the following payments, indicate the form that should be used to report the payment:
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