It's great to have you here, @lroth.
The 1099 Wizard is for QuickBooks Desktop. Let me share some information on how to prepare 1099 forms in QuickBooks Online.
There are several factors to consider why some of your vendors are not included in the 1099 list. Ideally, you can report 1099's for contractors and vendors you paid via cash or checks with a total of $600 and more. However, payments paid via credit card, debit card, gift card, and PayPal won't be included in 1099s. As mandated by IRS, you can exclude electronic payments when reporting 1099-MISC.
Lastly, let's make sure your vendor and contractor payments are recorded to the expense account. Also, this account should be associated with the correct box from the 1099-MISC form. You can generate the Transaction List by Vendor report. This displays your transactions grouped by vendor.
Here's how:
- Go to the Reports menu.
- Select the Transactions List by Vendor report.
- Click the Customize button.
- Set the Report period to Last Year (or Last Calendar Year).
- Expand the Rows/Columns section, choose the Change columns link.
- Put a checkmark on the Split box.
- Go to the Filter section.
- Check the Vendor box and from the drop-down, choose 1099 vendors who are in question.
- Select Run report.
- Look under the Splits column for what accounts the vendor's transactions were tied to.
To learn more about preparing 1099-MISC forms in QuickBooks, you can check these articles:
Leave a comment below if you have other questions about preparing year-end taxes in QuickBooks. I'm always here to help.
