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Topic: Has anyone made enough fusion cash in 2014 to receive a 1099?  (Read 8086 times)

hawkeye3210

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #30 on: January 16, 2015, 04:27:33 pm »
Nope! Hopefully non of us will get to that point because the government loves to dip in everyone's pockets! So, until then I will earn my money on FC scott free!   :P  ;)

Of course, your still required to report your income even if you don't receive a 1099.

sdenimandlace1

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #31 on: January 17, 2015, 03:19:31 am »
I do not make enough to be 1099.

nannycoe1

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #32 on: January 17, 2015, 04:37:49 am »
I have never made enough from any site to get a 1099.

alina6

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #33 on: January 17, 2015, 08:04:25 am »
I once read a blog about this. Based on what I read, you have to earn $ 600 or more to get a 1099.

I heard that also.

sherryfan

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #34 on: January 17, 2015, 10:54:44 am »
It depend if you don't cash out for three to four month (before 180days) and built up to next year, some of us may need to receive 1099 for next year.

ladavia89

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #35 on: January 17, 2015, 11:19:22 am »
It depend if you don't cash out for three to four month (before 180days) and built up to next year, some of us may need to receive 1099 for next year.

It's money received in the calendar year so theoretically you should make the same amount whether you get monthly payments or twice a year. You are missing out on the few free dollars from the proof of payment bonus though


jiuchan

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #36 on: January 17, 2015, 01:50:20 pm »
I haven't last year since I stopped for a few months.
This year, I hope I make enough.

fjaz1

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #37 on: January 18, 2015, 12:49:06 am »
I did but I didn't cash out the last 2 months so I won't get a 1099 :) 8)

sarabtrayior

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #38 on: January 19, 2015, 09:44:14 am »
Not yet, but, maybe another year or so... Since you have to earn $600 or more to get a 1099, I don't think it will be anytime soon...

alice44

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #39 on: January 19, 2015, 11:00:44 am »
No - I only get enough to splurge on occasion  :(

davidh121

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #40 on: January 19, 2015, 11:32:40 am »
I never made enough in a calendar year with Fusioncash to get a 1099, but if I was getting close, I would probably hold off on cashing out anyway. I'll report it my own way.

ricdsm

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #41 on: January 19, 2015, 12:23:14 pm »
I made about $120.00 this year.  Not that much, but still, some fun money.
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ladavia89

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #42 on: January 19, 2015, 01:01:41 pm »
I never made enough in a calendar year with Fusioncash to get a 1099, but if I was getting close, I would probably hold off on cashing out anyway. I'll report it my own way.

I hit $600 in October and wasn't going to wait to get money until February. That would have just caused me to do the forms mid 2015 instead

aflyingmonkey

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #43 on: January 19, 2015, 01:25:56 pm »
Nope

I'm hoping to have one in 2015 :)

Administrator

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Re: Has anyone made enough fusion cash in 2014 to receive a 1099?
« Reply #44 on: January 19, 2015, 02:59:10 pm »
I never made enough in a calendar year with Fusioncash to get a 1099, but if I was getting close, I would probably hold off on cashing out anyway. I'll report it my own way.

I hit $600 in October and wasn't going to wait to get money until February. That would have just caused me to do the forms mid 2015 instead
You could have cashed out in December for a January payment date if you were trying to defer some of your earnings to 2015.  No need to wait until January to cashout.  The system enforces the 1099-MISC/W9 reporting system based on the calendar year of cashout receipt -- not the date when you request cashout.  That's the law, to our understanding.

The W9 collection happens when you hit a cashout request that would put you over $600 received in a calendar year.  The 1099-MISC issuance always happens at the end of the January following said calendar year.  Point being, it doesn't matter much whether you hit $600 during July 2015 or November 2015.  It all goes on the same tax return.

As always, this is not intended to be tax advice, I am not a lawyer or accountant, and I insist any readers considering taking anything of the above as advice to meet with a professional who can examine your particular situation and give you relevant advice, since there are no "one size fits all" answers.
« Last Edit: January 19, 2015, 03:03:08 pm by Administrator »

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