Quickbooks online 1096/1099 Summary

Hi there, @rkoorapati.

Let me provide information on how QuickBooks calculates 1099 payments.

At this time, QuickBooks Online focuses on reporting data for the 1099-MISC and 1099-NEC forms. This means that 1099-DIV and 1099-INT totals aren't included. You can run the 1099 Transaction Detail report to double-check the amount and the correct accounts for the 1099-NEC and 1099-MISC.

Here's how to run the report:

1. On the left navigation panel, click Reports.
2. Type in 1099 Transaction Detail Report in the search field.
3. Set the necessary filters.
4. Click Run report.

Just a heads up, payments made via credit card, debit card, or third-party systems like PayPal are not factored into the 1099-MISC and 1099-NEC calculations, as the financial institution reports these payments.

For more information about 1099 payments, feel free to check out the articles below:

• Understand payment categories for the 1099-MISC and 1099-NEC
• What payments are excluded from a 1099-NEC and 1099-MISC?

For future use, here's an article on viewing your past tax payments and forms in QuickBooks: View your previously filed tax forms and payments.

If you have additional questions about how QuickBooks calculates 1099 totals, know I'm here to help. Take care.

Hello,

Sorry if I am not clear. I generated only 14 1099-NEC forms.

But the summary is showing 2 additional amounts apart from those 14 1099-NEC totals. Does quickbooks online has an issue?

I want to understand what are those 2 additional amounts in the summary. Upon research I found that summary is 1096 which also includes 1099-DIV and 1099-INT. I am not sure why quick books online showing those 2 additional totals. If you cannot help, that is okay. Please do not send me other links to read.

Thanks,

Ravi

I understand the challenges of encountering unexpected totals in your financial summaries, rkoorapati. I'm here to ensure you'll get the help you need. 

I recommend contacting our Customer Care Team. This way, they'll be able to check why there are extra 1099s listed in your report. 

Here's how to reach them:

1. Click the Help menu in the upper-right-hand corner.
2. Type in "Talk to a human", then press Enter.
3. Select Contact Support Team.
4. Type again Talk to a human and click Contact Support Team.
5. Choose a way to connect with us.

You can check this article for more information about the different types of support we offer and their availability: QuickBooks Online Support. 

Don't hesitate to leave a comment by clicking the Reply button below if you have other concerns about 1099 in QBO. I'm here for you. Have a good day.