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January 17, 2024
Question

Does QB allow to produce a 1099-S?

  • January 17, 2024
  • 1 reply
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1 reply

JaeAnnC
January 17, 2024

I see your interest in obtaining a 1099-S form in QuickBooks Online (QBO), @sbpapania.

 

Currently, QBO doesn't support 1099-S forms for real estate transactions. For now, the program only caters to 1099-MISC and 1099-NEC. That said, you'll need to reach out to the IRS to obtain one. I'll share this link for your guide: About Form 1099-S, Proceeds from Real Estate Transactions.

 

Moreover, payroll reports are a helpful guide in QBO to help you gain insights into your vendor or contractor payments, which is relevant when filing 1099s. 

 

Please don't hesitate to visit the Community if you have further queries about the 1099-S form. I'm here to work with you to ensure everything is taken care of seamlessly. Take care, and have a good one.