[Young Werther]

No. The 1099 comes in many editions.

1099A Acquisition or Abandonment of Secured Property and Cancellation of Debt.

1099B Proceeds from Broker and Barter Exchange Transactions

Form 1099-C Cancellation of Debt (Info Copy Only)

Form 1099-DIV Dividends and Distributions (Info Copy Only)

and so it goes. A separate tax form will be designed for this form of taxation.

I had a contract job with DalTile who had business in Canada which has a VAT. A quarterly report was submitted with the costs associated which each level of manufacturing of the Taltile products, Roofing tiles, floor tiles, glue, nails etc.

[PeterPrinciple]

No. The 1099 comes in many editions.

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And don’t forget the 1099 B for barters..............................