Skip to main content

Get 50% OFF QuickBooks for 3 months*

Buy now
Switch to QuickBooks and 70% off for 3 Months
August 25, 2023
Question

Can Quick Books Online issue a 1099k to vendors that my company has issued payments in excess of $599 in 2023?

  • August 25, 2023
  • 1 reply
  • 0 views
Background: My company  brokers recreational  property rental transactions  on behalf of landowners. Similar to Airbnb, but just raw land rentals. We accept credit  card payments from the renters via another app, , create bills in QBO, then disburse the vendor's share of the rental income via check or ACH to the landowner vendors.  All of our accounting and bill creation is done in QBO.   Thanks for the assist!

1 reply

BigRedConsulting
Level 15
August 25, 2023

No, it can't.

That noted, I think only payment processors issue 1099-k's. Since you're not a merchant service, I don't think you need to.