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rentalandrepair
Level 1

How prepare Interest Income 1099's?

 
1 Comment
MaryGraceS
Moderator

How prepare Interest Income 1099's?

Hi there, @rentalandrepair.

 

At this time, the option to process 1099-INT in QuickBooks Online (QBO) is unavailable. Currently, it only supports preparing and filing of the 1099-MISC form.

 

I agree that having the ability to process the 1099-INT form would be a great addition to QuickBooks, so I'm passing it along here on my end for consideration in the near future.

 

 

In the meantime, I strongly recommend checking out our common questions about 1099's article. This guide contains information on expense and vendor reporting that may help you if you decide to prepare and process the form manually. Also, I recommend contacting the Tax Agency (IRS) for guidance on how to fill out the form and which option best fits your business.

 

I've also attached an article that you can use when preparing your business for the end of the year: QBO Year-end checklist.

 

Let me know if there's anything else that I can help with. Just click the Reply button below to add a comment. Have a great weekend. 

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