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Jan 17, 2022 9:52 PM UTC
Question

1099's

I am doing 1099's in desktop.  One of the vendors was paid by Paypal.  From what I read I don't report these as paypl will.  But they show up on the list.  How do I change the mapping so they don't?  And should I really not do a 1099 for them?

1 reply

JessT
Moderator
Jan 17, 2022 10:50 PM UTC

Hi knapiks,

 

Welcome and thank you for taking the time to post about your 1099 concern. I'm happy to share information about it.

 

You can change the payment method of their transactions to credit card, so they'll not be included in your 1099 list. Or, you can remove the checkmark in the Track payments for 1099 checkbox in their profile.

 

You can contact the IRS ask advice about your report or consult a tax professional to be sure you don't get penalties. Then, if they have specific instructions that you find challenging to do in QuickBooks, just let us know.

 

We're always available to should you need further assistance. Take care!