I'm glad to guide you through how you can make a corrected 1099 in QuickBooks Online to ensure compliance and accurate reporting, @Hope683.
Correcting a 1099 form in QuickBooks Online involves a systematic process that includes identifying the erroneous form, making necessary adjustments, and updating the information to rectify the mistake effectively.
Since you already identified the issue, you can proceed to update the amounts. This article will provide essential knowledge and tools to navigate the instructions smoothly: Troubleshoot missing contractors or wrong amounts on 1099s.
When done, you’ll want to contact our payroll support team if you've e-filed your 1099-NEC or 1099-MISC with us. This way, the corrected form can be reissued to accurately reflect the vendor’s income for the given tax year.
Otherwise, you'll need to work directly with the IRS to make a manual amendment to your 1099 forms. Check out these guides to get more insights and complete measures:
In case you need help with printing your 1099s, here's an article for your reference: Print your 1099 and 1096 forms.
I want to make sure your concern is fully addressed. If you have any other 1099 questions or concerns, keep me posted. I’ll be right here to assist anytime, @Hope683.
