Learn How to Create 1099 in QuickBooks Desktop

Confused about how to create 1099 in QuickBooks Desktop? Do not worry; let’s sort it out together. Creating a 1099 form in QuickBooks is essential for businesses that work with contractors. When paying contractors in cash, check, or direct deposit, you must issue a 1099 with the IRS.

You can create the 1099 form in your QuickBooks Desktop with the help of data available in your QB account. After creating forms, you can file them online, print them, or mail them to the IRS. You can also email copies to your contractors.

In this blog post, we will provide a comprehensive guide on how to create 1099 forms in QuickBooks, so read till the end.

Create 1099 forms easily with the help of this guide, and if you find it challenging to do it on your own or need assistance, don’t hesitate to dial +1(855)-738–0359 and contact the team of QuickBooks experts.

Follow These Steps to Create 1099 Form in QuickBooks

You can follow the step-by-step process to create a 1099 form in QuickBooks Desktop.

• Navigate to the ‘Vendors’ section and select ‘1099 Forms’, then choose ‘Print/E-file 1099 Forms.’
• Before proceeding, don’t forget to take the backup of your data.
• Click on ‘Get started’ for the specific 1099 form you want to create. If you need both 1099-NEC and 1099-MISC, repeat the process. There are changes to the 1099 forms and boxes, so be careful while choosing your form. Generally, most businesses select “Nonemployee compensation, Box 1 on the 1099-NEC.” but don’t forget to check and verify the type of payment you made with your accountant.
• Select vendors requiring a 1099 form and click ‘Continue.’
• Verify that vendor information is accurate and edit any incorrect details by double-clicking on the section that needs updating, then click on ‘Continue.’
• Map the vendor payment accounts, move to the ‘Apply payments to this 1099 box’ section in the drop-down menu, and select the account to which you want to link the payment. If you see any gray box, that means they are mapped to the other 1099 form. After correct mapping, you can select ‘Continue.’
• If you get a message in red that says your settings do not match the current IRS thresholds, in this case, select ‘Show IRS 1099-MISC filing thresholds’ and choose ‘Reset to IRS Thresholds.’
• Review the vendors and payment information, then click on ‘continue.’
• To check the vendors who don’t fulfill the IRS threshold, click on ‘View summary report.’
• Now, you can choose whether to print 1099s or e-file.

Read Also : How to set up 1099 accounts in QuickBooks Online: A Quick Guide

Hopefully, you will find the above guide helpful while creating a 1099 form. Following the above process, you can learn how to create 1099 in QuickBooks. If you find it difficult to perform all these steps on your own, you can seek professional help from the QuickBooks support team.