received 1099 MISC on H1B

[megha111]

I am on H1B, I have received 1099 MISC for the prize money I won, from a different employer. Will this create a problem for me.

[Lewis-H]

Rental income and losses are reported on Form 1099-MISC. ... You will not receive a tax Form 1099-MISC if your rental income does not exceed $600 but it is your responsibility to pay taxes on all of your income.

[Angelo1]

Hello Megha111,
to answer your question, that depends on the amount you were awarded from your employer. It won't be an issue if is not a significant amount of money but if it is you will need to file an amended return(1040-x). Lewis H, form 1099 misc can be many more stuff than just rental. Please find below what 1099 misc can be provided for.

• Services performed by someone who is not your employee.
• Prizes and awards.
• Other income payments.
• Medical and health care payments.
• Crop insurance proceeds.
• Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish.
• Generally, the cash paid from a notional principal contract to an individual, partnership, or estate.
• Payments to an attorney.
• Any fishing boat proceeds.