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Hey there, @WorldWiseTutoring.
When preparing 1099 forms, IRS requires 1099 filers to exclude any payments you made to a 1099 vendor by credit card, debit card, or any third-party payment network such as PayPal from Form 1099-MISC. It's because these are considered as non-reportable payments.
Additionally, these are reported by the card issuers and the third-party payment networks on Form 1099-K.
However, you can reach out to your accountant for further assistance. This will ensure that you can file your 1099 correctly.
For more info about preparing 1099 forms, please check out these articles:
This will help you prepare your 1099 forms accurately.
Should you have any follow-up questions or concerns, don't hesitate to post again here in the Community or leave a comment on this thread. I'm always around to provide answers and clarifications to your questions. Have a great day ahead and take care.
The problem is I paid my vendors (affiliate sales commission) via PayPal... the friends/family option - so Paypal won't send them a 1099, but Quickbooks won't allow me to create one manually. How can I create a 1099 manually??
Looks like this is a duplicate post, cbemusic.
I'd like to route you to the thread where I answered a
similar question. Just click here.
If there's anything else that I can help you with, please don't hesitate to tag me below. I'll be more than happy to help you again.
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