general:1099_create_1099_object_codes_table
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| general:1099_create_1099_object_codes_table [2020/11/03 20:32] – emoreno | general:1099_create_1099_object_codes_table [2024/02/09 14:23] (current) – emoreno | ||
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| In file ID C, review all of the object codes that were used when paying 1099-eligible vendors. You can add and/or delete object codes as needed. | In file ID C, review all of the object codes that were used when paying 1099-eligible vendors. You can add and/or delete object codes as needed. | ||
| - | {{: | + | Ensure that you are appropriately capturing any end-of-year payable transactions from the current or prior year. |
| - | <WRAP box> **Notes**: | ||
| - | | + | {{: |
| - | * 1099-MISC forms will print the sum of all transactions (if at least $600) in the 1099 work file except those with a **Type Payment** of //N - Non-employee compensation// | + | |
| - | * 1099-NEC forms will print the sum of all transactions minus credit card transactions (if at least $600) in the 1099 work file with a **Type Payment** of //N - Non-employee compensation// | + | <WRAP box> **Note**: If the table is not populated with object codes and type payments, all transactions (regardless of object code) for each 1099-eligible vendor are extracted when the Create 1099 Work Table utility is processed. The table must be completed prior to printing the 1099 forms. |
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general/1099_create_1099_object_codes_table.1604435571.txt.gz · Last modified: 2020/11/03 15:32 (external edit)