Crop Insurance Agent Resources

2024 - 1099 FAQs

Q: When will the 2024 1099’s be mailed?

A: 1099’s will be mailed no later than the last week of January.

Q: Will a 1099 be issued for all amounts paid?

A: No, per IRS rules, any 1099 amount under $600 does not need to be issued.

Q: If a check that was issued in calendar year 2024 but was never received in 2024 and was
reissued in 2025, will the original check amount be on the 2024 1099? The check was placed in
the mail prior to year-end.
A: Yes, the original check amount will be on the 2024 1099 per IRS rules. The 2025 1099 will
show the original check voided, and the reissued check will have a net reported amount of zero.
How the producer reports this is an issue to discuss with a tax preparer as some who report on
a cash basis may not need to report the same number as reflected on the 1099.
Also included on the 2024 1099 are payments made from a Crop Year 2023 claim paid in

calendar year 2024 (i.e., in this instance, the first check was issued in 2024).

Q: Will the 1099 show the breakdown of the loss between a Revenue loss and Harvest loss?
A: No, the 1099 will not show the breakdown between Revenue loss and Harvest loss. If you
would like additional assistance on the revenue/yield split, please contact your marketing

representative.

Q: Why does the 1099 for contract adjusters show all income and expenses paid?
A: The full amount on the 1099 will be reported to the IRS; it’s up to the adjuster to offset

their income with their expenses.

Q: Is there detail included with the 1099?
A: Yes, on the backside of the 1099.


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