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Finance | Project Operations, Human Resources, ...
Answered

1099 changes for 2020 on R3 - Box 07 to NEC

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Posted on by 303

Hello everyone,
Can anyone advise me, how will we update the data from MISC-07 to 1099-NEC? This needs to be done manually or the hotfix will take care of this?

Actually i have installed the latest hotfix KB 4602212 via the LCS and then also run the checklist successfully but the box didn't updated on vendor master and their transactions. So do i need to change them manually?

Thanks

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  • Suggested answer
    Lucas Boewood Profile Picture
    on at

    Hi M.Nauman Rashid!

    Please see the blog we've posted on the hotfixes, if you haven't already:

    (+) Updated (1/13/2021) - Information on the 1099-NEC release for AX 2012 R3 - Microsoft Dynamics AX Forum Community Forum

    You should've been good to go if KB 4602212 was installed. Depending on how many vendors you have to update, you could manually run the update 1099 tax information on the vendor record. That might be your best option given the upcoming deadline.

    Otherwise, I'd recommending logging a support case so we can assist further.

    Technical Support Request - Microsoft Dynamics CustomerSource North America

    Best Regards!

  • M.Nauman Rashid Profile Picture
    303 on at

    Hi Lucas,

    Thanks for your response. Actually when i go for manual update, i am unable to see 1099-NEC value in a 1099box dropdown on vendor master and when i try to view detail the dropdown the AX goes on 'Not Responding' state for a long time that i have to end the process from task manager.

    But on other side while printing 1099 report, i could see the "Type of tax 1099 form" is updated with value 1099-NEC as also shown in below image. but when i click OK to open the report again the AX goes to Not Responding state.

    So what you suggest?

    pastedimage1611462694238v1.png

    Thanks

  • Lucas Boewood Profile Picture
    on at

    Since the value is missing from the vendor master and the application is not responding, I would get our Tech engineers involved via a support case.

  • M.Nauman Rashid Profile Picture
    303 on at

    ok thanks, much appreciated.

  • Verified answer
    M.Nauman Rashid Profile Picture
    303 on at

    It worked by taking below steps.

    I ran a full CIL, restart the AOS and then open a form again, which had taken approx. 20 mints but finally get open with the updated NEC values in a box master form after which I updated the vendor transactions from backend job.

    Thanks all, for your support.

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