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Dennis B 1
December 25, 2023
Question

In the File 1099s steps, I can not get pass Step 1 Select AccountsStep 2 Review Recipients not working. Why not?

  • December 25, 2023
  • 1 reply
  • 0 views
I have generated 1099 Reports with over 40 possible Recipients. But after selecting accounts to include and then choosing next nothing happens. And I do not have a list of 1099 recipients to review.

1 reply

ReymondO
December 25, 2023

Hi there, @Dennis B 1.

 

Let me share with you insights when preparing your 1099s.

 

As you prepare to file 1099s, you’ll want to review your contractors and vendors and make sure they're correctly marked for 1099s in QuickBooks. You’ll also want to make sure you see both the correct recipients and the correct reportable and non-reportable payments listed.

 

The contractors in this list are marked to track for 1099 and have payments that meet the following requirements:

 

  • Payments were made by cash, check, direct deposit, or another custom payment method that was not marked in QuickBooks as a credit card.
  • Payments meet the IRS threshold for the 1099 box that you assigned them in the mapping window (the Select accounts screen). In most cases, this payment threshold is $600 or more.

 

Here’s how to review this list for accuracy:

 

  • Make sure the Reportable payments only ▼ dropdown is selected.
  • Review the list of contractors.
  • If any contractors are missing personal information like addresses or emails, select the  Edit ✎ icon and make any necessary updates. Then click Save.
  • Review the Reportable total column and make sure the totals are correct.
    • To view details about the individual transactions, select the total in the Reportable total column. This opens a new window with a 1099 Transaction detail report where you can review the payments.

Important: If you’re missing payments that should be in the reportable total:

 

If you’re seeing payments that shouldn't be included in the reportable total:

 

  • Payments to 1099 vendors made via credit card, debit card, or third-party system, such as PayPal, shouldn’t be in the reportable total. If you’re seeing any of these payments in the total, you might need to check that your third-party payment accounts are marked to be excluded from reportable payments.

 

Please let me know if you have further queries about filing your 1099s. I'll be here to help. Have a good one.

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