Are these items 1099 reportable? Insurance companies: payment for policy changes; various auto insurance and life premium payments?


We are not sure what you mean by “policy changes.”  However, insurance policy premiums paid to insurance companies are not reportable on the 1099-MISC. The IRS categorizes the purchase of insurance coverage as purchase of merchandise, and so the payments are not reportable. We confirmed this with Mr. Bourque, ID# 1003078842 of the IRS.

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