Financial & Legal

When you run a 1099 summary report, a vendor doesn’t emerge in the report. if the seller doesn’t emerge in the 1099 summary report, you are not able to print the 1099 E-File for this seller.

Want to know how to resolve the issue?

The Vendor was not set up as eligible for 1099

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  Go to Reports> Vendors and Payables>1099 Summary on Quickbooks Desktop.

  
  


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  Firstly you have to click the first drop-down button and choose only 1099 vendors on 1099 forms.

  
  


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  Then Review and check the report

  
  


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  After that, Click the first drop-down button again and select All Vendors. If the report displays the missing amount then the vendor for the lost amount is not marked as eligible for 1099.

  
  


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  Go to Vendor > Vendor Center menu. Right-click the vendor's name and click edit. Go to the Tax Setting tab, select the vendor eligible for the 1099 checkbox, and then click OK.

  
  


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  On step 1 of 1099 Wizard, select the vendors missing in the 1099 summary report as eligible for 1099.

  
  

Visit our website: https://www.wizxpert.com/1099-e-file-common-issues-troubleshooting/  If you want to know more about 1099 e file common issues troubleshooting 

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