How to manage 1099 Category List?
In the 1099 Category list, you can add or edit a 1099 category. The 1099 category list reflects the categories on the 1099-MISC forms that you send at tax time to vendors that you have designated as 1099 vendors on the Vendor form.
Note: To place a vendor in a 1099 category, select the Vendor 1099 check box on the Vendor form.
To Manage 1099 Categories:
1. Go to Settings > 1099 Category List
2. In the Manage 1099 Category List Add or Edit the list.
| Option | Type | Description |
| 1099 category name | Required | Type or edit the 1099 category name. |
| Threshold | Optional | Type the threshold for this category. The threshold is an amount set by the federal government. If you pay a vendor an amount equal to or greater than the threshold, you need to send a 1099-MISC form to a 1099 vendor at tax time. For example, if the threshold is $700.00, you would be required to send a 1099-MISC form to a 1099 vendor if you have paid them at least $700.00 in the calendar year. |
Note: To ensure that the 1099 information on your 1099 Detail and 1099 Summary reports is accurate, review the information in the chart of account.
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