You can specify which 1099 form you want to use with each Accounts Payable vendor as follows: - From the Setup menu, select Vendors.
- Enter the vendor ID.
- Click the 1099 Settings tab.
- In the Form Type section, select the appropriate 1099 form type.
- Click Save and then click Close.
When you print your 1099s, the vendor 1099 amounts print for the following boxes based on the form type selected on the vendor setup: | 1099 Form Type | Vendor amount box details | | 1099-NEC | - Box 1 (Nonemployee compensation)
| | 1099-MISC | - Box 1 (Rents)
- Box 10 (Gross proceeds paid to an attorney) if the Gross Proceeds Paid To An Attorney check box is selected on the vendor setup.
| | 1099-DIV | - Box 1a (Total ordinary dividends)
| | 1099-INT | - Box 1 (Interest income not included in box 3)
| For additional year-end information, refer to the Year-End Procedures Guide.
|