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1099-MISC income

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Posted on by Anorris .

We pay a vendor rent payments, but the amount appears on the 1099 in Box 7 as Nonemployee compensation. I have selected 1-Rents for the 1099 Box on the Options tab of the Vendor Maintenance Card. I have also gone into Tools - Utilities - Purchasing - Update 1099 Information, and changed the Tax Type and Box Number for that specific vendor, but it still prints in Box 7. Is there somewhere else I need to enter this information?

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soma 24,406 on at

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RE: 1099-MISC income

What option did you choose on the update 1099 information window?

1. Vendor:

This option is used to modify tax type or 1099 statement box numbers for a range of vendors only.

2. 1099 Transactions:

This option is used to modify tax type or 1099 statement box numbers for a range of 1099 transactions only.

3. Vendors and 1099 Transactions:

This option is used to modify tax type or 1099 statement box numbers for a range of both vendors and 1099 transactions.

For your case, you need to choose either the option 2 or 3.

Hope this helps!!!