I'm here to ensure your 1099 vendor reports are accurate, dvdwest.
You may follow the steps below to ensure the Box 7 mapping is correct.
- Go to the Vendors menu and then select Print/E-file 1099s.
- Choose 1099 Wizard then select Get Started.
- Note: If you’re filing for New Jersey or Wisconsin, you'll see a pop-up message. 1099 forms filed in these states have special rules for boxes 16 and 17.
- Select vendors that need form 1099-MISC and then select Continue.
- Verify the vendor information is correct. You can edit any incorrect information by double-clicking on the section that needs updating.
- Go to the drop-down in the Apply payments to this 1099 box section. Select the account you want to link the payment to and select Continue.
- Note: If you see a message in red stating your settings do not match the current IRS thresholds, select Show IRS 1099-MISC filing thresholds and choose Reset to IRS Thresholds.
- Review your payment information.
- Select View Included Payments and View Excluded Payments. Then select Continue.
- Review the vendors and amounts you're going to report.
- Choose whether to print 1099s or E-file.
You can also click the Summary Report to see the vendors who don't meet the IRS threshold.
I've included an article that will help you e-file your 1099-MISC form(s) instead of filing manually. Doing so will help you save more time: 1099 E-File: QuickBooks Desktop setup, troubleshooting, & FAQs.
You can always get back to us if you have additional questions. Take care always.
