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Level 1

1099's

I go through the wizard and end up with this message: based on your 1099 setup no 1099 vendors have sufficient payments. Not sure what I need to do to get these 1099s printed.
Solved
Best answer 2 weeks ago

Best Answers
QuickBooks Team

1099's

I’ll make sure to sort this out so you can print your 1099s right away, @CB601.

 

Thanks for the additional details. Let me provide some information to get this done.

 

As mentioned by my colleague above, just make sure the mapping is correct when preparing your 1099s. That way, you can successfully print the forms. You can use these steps here for reference:

 

  1. Go to Vendors, then click Print/E-file 1099s.
    Capture.PNG
  2. Create a backup.
  3. Select Get started for the 1099 form you want to create.
  4. Select the vendors that need 1099 form and press Continue.
  5. Verify the vendor information.
  6. Map the vendor payment accounts. Go to the drop-down in the Apply payments to this 1099 box section, then select the account you want to link the payment to.
  7. Review your payment information for exclusions.
  8. Review the vendors and amounts you're going to report, then select Continue.
  9. Click Print 1099s.

 

You can visit this detailed guide for further information on preparing 1099s with QuickBooks Desktop.

 

In case you need help with changing amounts while preparing them, see this article about fixing the wrong value on 1099s to learn more.

 

Don't hesitate to visit us here with an update on your 1099s situation. We are here determined to help you find a solution. Always take care.

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3 Comments
Moderator

1099's

I can help you with printing 1099s, CB601.

 

We can review the mapping when preparing your 1099s in QuickBooks Online (QBO). This can be the reason why you get the message saying no 1099 vendors have sufficient payments.

 

Please follow these steps: 

  1. Go to Expenses and choose Vendors.
  2. Click on Prepare 1099s. Then, hit Let's get started.
  3. Review the information in the Company section and click on Next.
  4. In the Account section, is where you will have to categorize accounts. On the categories page, select the checkbox next to all the 1099 boxes that fit the type of contractor payments you make. Review the payment totals for each box. If you don’t see all of the payments you expect, check that the list shows the right tax year and type of vendor (they should meet the 1099 threshold). Excluded payments are typically those paid by credit card, which is reported to the IRS by the credit card issuer. Once you're done, click on Next.
  5. In the Vendors section, review the contractors' information and click on Next
  6. Click on Finish preparing 1099s.
  7. Click on Go to 1099 E-File Service to e-file your 1099s.

I'm sharing these articles in case you need a reference while working with 1099's in QBO:

To make sure everything is accurate, I recommend working with your accountant or any knowledgeable financial specialist for expert advice on how to handle this type of situation. You can also find an accountant by clicking on this link: Find an accountant.

 

You might find this article helpful to get more information about managing 1099s: Common questions about 1099s.

 

Let me know if you have other concerns or questions about 1099s. I'll be around to help. Wishing you the best of luck!

Level 1

1099's

Thank you so much for your reply.  We use the desktop version.  It's just my husband and I, he is self employed.  We only have 2 vendors that need 1099's.  I made sure that the tax settings box was checked for them to be eligible to receive 1099s.  I notice the additional setting button has something about a 1099 contractor or subcontractor ect.  We have left that blank.  Do we need to select the 1099 contractor?  We put the payments to these vendors under a subcontractor category in the register.

 

Sorry, its like reading another language to read some of your reply.  I am not understanding. I've read the articles, looked on youtube for videos. Still getting the same message.

QuickBooks Team

1099's

I’ll make sure to sort this out so you can print your 1099s right away, @CB601.

 

Thanks for the additional details. Let me provide some information to get this done.

 

As mentioned by my colleague above, just make sure the mapping is correct when preparing your 1099s. That way, you can successfully print the forms. You can use these steps here for reference:

 

  1. Go to Vendors, then click Print/E-file 1099s.
    Capture.PNG
  2. Create a backup.
  3. Select Get started for the 1099 form you want to create.
  4. Select the vendors that need 1099 form and press Continue.
  5. Verify the vendor information.
  6. Map the vendor payment accounts. Go to the drop-down in the Apply payments to this 1099 box section, then select the account you want to link the payment to.
  7. Review your payment information for exclusions.
  8. Review the vendors and amounts you're going to report, then select Continue.
  9. Click Print 1099s.

 

You can visit this detailed guide for further information on preparing 1099s with QuickBooks Desktop.

 

In case you need help with changing amounts while preparing them, see this article about fixing the wrong value on 1099s to learn more.

 

Don't hesitate to visit us here with an update on your 1099s situation. We are here determined to help you find a solution. Always take care.

View solution in original post

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