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MaryLandT
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I'm happy to help you figure this out, ABC_BRITT.

 

Your 1099 shouldn't be affected as long as the tracking is correct. Let's find those missing 1099 payments and put them back in the 1099 Transaction report.

The first thing you need to do is check if payments to these vendors meet the threshold. Only those contractors you paid above the annual $600 cash threshold get a 1099. 

 

You can see which contractors didn’t meet the threshold with these steps and the 1099 reports. 

 

  1. Go to Reports, then select Vendors & Payables.
  2. Select 1099 Summary.
  3. In the 1099 Options dropdown menu, select Ignore thresholds.
  4. If you see the vendor, they have not met the threshold.

 

If this is a 1099 Vendor using 1099 Accounts, you need to enter more transactions or change the thresholds. Please follow the steps I've outlined below.

 

  1. Go to Edit, then click Preferences.
  2. On the Preferences window, select Tax:1099 from the left pane, then go to the Company Preferences tab.
  3. Hit the you can do it here link to map your accounts to boxes on form 1099-MISC.
  4. QuickBooks 1099 wizard page will come up.
  5. From the Map Accounts step, select Show IRS 1099-MISC filing thresholds link.
  6. In the 1099-MISC IRS Thresholds window, double-click the Thresholds column for the appropriate 1099 Box.
  7. The screen will display: Your settings do not match the current IRS thresholds message in red. Hit Reset to IRS Thresholds if you want to follow the IRS-mandated threshold and add more transactions instead.
  8. Click Save & Close.

 

If contractors are still missing or amounts are wrong when preparing 1099s, you can use this article: Fix missing contractors or wrong amounts on 1099s.

 

If you're ready to file your 1099s, check out these articles as guidance for submitting tax returns.

 

 

You can always post here in QuickBooks Community if you have other concerns or inquiries about 1099s. I'm always here to make sure that everything is taken care of. May you have a wonderful day ahead!

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