Form 1099-MISC – Payer Made Direct Sales of $5,000 or More
To report or edit Form 1099-MISC Miscellaneous Income Box 7 (if you need help accessing Form 1099-MISC in the TaxAct program, go to our Form 1099-MISC – Entering in Program FAQ):
- From within your Form 1099-MISC, continue with the interview process until you reach the screen titled 1099-MISC: Enter information on form.
- Click the checkbox next to Box 7 – Payer made direct sales of $5,000 or more of consumer products to a buyer (recipient) for resale to check or uncheck the box.