1099-G – Certain Government and Qualified State Tuition Program Payments
Unemployment compensation from box 1 is reported on the line for unemployment compensation on Form 1040, 1040A, or 1040EZ. State or local income tax refunds from box 2 are reported as income on line 10 of Form 1040 if you originally deducted the state or local income tax as an itemized deduction. Alternative trade adjustment assistance (ATAA) payments from box 5, and taxable grants from a federal, state or local government from box 6 are reported on the Other Income line of Form 1040, unless they relate to a business activity, in which case they would be reported on Schedule C or C-EZ, E or F, as applicable. Agriculture payments from box 7 should be reported on Schedule F, on line 6a if they are agricultural program payments, and on line 8a if they are disaster payments.
1099-H – Health Insurance Advance Payments
The total advance payments on this form are reported on Form 8885, Health Coverage Tax Credit, when you claim this credit on your annual tax return.
1099-INT – Interest Income
Interest income from box 1 is reported on line 8a of Form 1040 or 1040A, and on Schedule B (Form 1040) or Schedule 1 (1040A) if required. The early withdrawal penalty in box 2 can be claimed as a deduction on Form 1040 in determining adjusted gross income. Interest on U.S. savings bonds and Treasury obligations from box 3 is reported as tax-exempt interest income on line 8b of Form 1040 or 1040A.
Investment expenses from box 5 can be claimed as a miscellaneous itemized deduction on Schedule A. Foreign taxes shown in box 6 can be claimed as a credit on Form 1116 or as an itemized deduction on Schedule A. If this was your only foreign source income, and your foreign taxes are not more than $300 ($600 if married filing jointly) you may be able to claim the foreign tax credit directly on Form 1040 (line 46) without completing Form 1116.
1099-LTC – Long Term Care and Accelerated Death Benefits
Gross long-term care benefits from box 1 should be reported in Section C of Form 8853, Archer MSAs and Long-Term Care Insurance Contracts. Accelerated death benefits from box 2 are generally excluded from income if the insured is terminally ill. Otherwise, these benefits would also be reported on Form 8853.