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rachelbernhardt8558
February 20, 2022
Solved

1099 misc & nec

  • February 20, 2022
  • 1 reply
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Hi, I have Quickbooks Desktop Pro 2019, and I do not have the Accountant Tool. I accidentally mapped all of my 1099 accounts to NEC Box 1 while efiling my 1099 forms NEC without seeing QBs new instructions on how to map different accounts for NEC and MISC. So now that I am attempting to efile my MISC 1099s, I see when i get to #3 where you Map Accounts I cannot change my accounts from NEC to MISC where it says "Apply Payments to this 1099 box." I first read QB forums hoping I could reverse the action where I accidentally mapped all of my accounts to NEC, but I'm not seeing that as a possibility. If it is that would be the easiest solution. If not, the QB forums say I need to create new accounts and move the transactions to file both NEC and MISC separately. I've created the new accounts already and mapped them under MISC, but now I'll have to move thousands of individual transactions from NEC to MISC so i can file the MISC 1099s. So 2nd question, Is there a way to bulk move all transactions under a Vendor from the NEC accounts they are currently listed under to the new MISC accounts I've created so I dont have to click on each individual transaction? I have seen forums where people bulk move items under Accountant tool, but I do not have that feature. Can I do it without the Accountant tool? 

Best answer by AileneA

Hi there, rachelbernhardt8558.  

 

I appreciate you for reaching out to us here in the Community. I understand that you need to change the 1099 account mapping. I'm here to help you!

 

Please note that one account can only be mapped to one 1099 form. The most possible reason why you can't click and change the drop-down is that the account is used to another form already. 

 

You'll want to check it to fix this issue.

 

Follow these steps: 

 

  1. Close the Print/e-file 1099 forms window. Go back to the Vendors menu, hover 1099 Forms, and select the Print/e-file 1099 forms again.
  2. Choose Form 1099-MISC and click Get started.
  3. Click Continue until the third step (Map Accounts).
  4. Find the account you want to use on the 1099-NEC. Under Apply payments to this 1099 box column, select Omit these payments from 1099.
  5. Tap Save & Close.

 

Once done, go back to the 1099-NEC account mapping. You should now be able to change the Apply payments to this 1099 box drop-down. 

 

I added these links to learn more about how to prepare and file 1099 in QuickBooks Desktop: 

 

 

And for the second question, Yes, you need an accountant tool to transfer the bulk transactions. Please check this article: Accountant tools: Batch transactions.  

 

You can always go back here if you have more concerns. QuickBooks Team is always here to help you anytime. Take care and stay safe!

1 reply

A
AileneAAnswer
February 20, 2022

Hi there, rachelbernhardt8558.  

 

I appreciate you for reaching out to us here in the Community. I understand that you need to change the 1099 account mapping. I'm here to help you!

 

Please note that one account can only be mapped to one 1099 form. The most possible reason why you can't click and change the drop-down is that the account is used to another form already. 

 

You'll want to check it to fix this issue.

 

Follow these steps: 

 

  1. Close the Print/e-file 1099 forms window. Go back to the Vendors menu, hover 1099 Forms, and select the Print/e-file 1099 forms again.
  2. Choose Form 1099-MISC and click Get started.
  3. Click Continue until the third step (Map Accounts).
  4. Find the account you want to use on the 1099-NEC. Under Apply payments to this 1099 box column, select Omit these payments from 1099.
  5. Tap Save & Close.

 

Once done, go back to the 1099-NEC account mapping. You should now be able to change the Apply payments to this 1099 box drop-down. 

 

I added these links to learn more about how to prepare and file 1099 in QuickBooks Desktop: 

 

 

And for the second question, Yes, you need an accountant tool to transfer the bulk transactions. Please check this article: Accountant tools: Batch transactions.  

 

You can always go back here if you have more concerns. QuickBooks Team is always here to help you anytime. Take care and stay safe!

T
TLCinder
August 11, 2023

Can you map for 1099 vendors from a credit card account? I have an employee that uses a credit card to pay a vendor and other times we pay them via check thru their vendor account in QB. How would I include all the payments for a Vendor when they are paid two different ways?

 

 

F
FateCandylaneT
August 11, 2023

Thanks for chiming in on this thread, TLCinder. I've come to share insights into which payments are excluded when mapping and filing 1099 forms.

 

When managing your vendor's 1099s, payments made via credit cards, debit cards, or third-party systems, such as Paypal, are excluded from the 1099-MISC and 1099-NEC calculations. These payment processing companies or credit card providers are required to report these payments on your behalf.

 

For check payments paid to your vendors, these payments should only be included when filing your 1099 forms. Also, you can modify your Chart of Accounts (COA) to help you ensure your accounts are properly mapped for both 1099 MISC and NEC forms and reports. 

 

In addition, I've included these references to help you prepare your 1099s for the upcoming tax season:

 

 

We're always ready to back you up if you have additional questions about contractor's 1099s. Please don't hesitate to leave a reply below. Keep safe and have a good one!

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