Vendors not listed as eligible for 1099 may have not been mapped for 1099. Also, vendors paid more than $600 need to send a 1099-Misc form. This way, payments can be recorded as their income.
Let me guide you how make your vendors eligible for 1099.
- On the left panel, select Expenses, then Vendors.
- Select the vendor you want to convert.
- At the upper right, select Edit.
- Mark the Track payments for 1099 checkbox at the lower right.
Note that ticking the box doesn't mean that QuickBooks Online will prepare 1099-MISC forms for the vendor. QuickBooks only tracks payments you make in case they are reportable on a 1099-MISC.
See attached screenshot for visual reference.
Once done, you can process your vendor's 1099 in the 1099 Wizard.
Feel free to read these articles for more information:
Please leave a comment below if you have other questions. The QuickBooks Community team is always here to help.
