How to Process 1099 Forms
Step 4: Edit the 1099 Information
- If you recorded state tax withholding during the year:
- The pull will split the withheld amount between MISC and NEC based on % split of total payments.
- If you do not agree with the amounts, you may make corrected in this view.
- Example: If you have paid a vendor $4,000 for the year $3,000 for NEC, $1,000 for MISC. 75% NEC, 25% MISC. And have withheld $400 it will split the withholding as $300 NEC, $100 MISC.
- State income
- If there was State Tax Withheld, then the State Income box will be completed with the total of all payments shown on this form.
- If only part of this income is for the state withheld for, please manually correct the State Income amount.
- State ID
- If there is State Tax Withheld you will need to enter the state abbreviation, a space, your eight digit state ID.
- Example: PA 12345678
- If there is State Tax Withheld you will need to enter the state abbreviation, a space, your eight digit state ID.
- Federal Tax Withholding
- If you are entering Federal Tax Withholding on payments, the pull will split the withheld amount between MISC and NEC based on % split of total payments, Same process as for State Tax.
- If you do not agree with the amounts, you may make corrected in this view.
- The Reporting Group field has been added to assist in manually adding 1099 information to a specific Reporting Group.
- If you pull again using Re-Create or Remove options after editing the 1099s, any edited information will be deleted and replaced.
11/2021