How do you verify your 1099 vendors in QuickBooks?

Verifying your 1099 vendors:

  1. Go to the Reports menu, choose Vendors & Payables, and then click Vendor Phone list
  2. Click Modify Report at the top of the report.
  3. In the Modify Report window, on the Display tab, select "Eligible for 1099", towards bottom of list.
  4. Click OK.
  5. Review the report on the screen for vendors marked as "No" in the Eligible for 1099 column.

If you need to send Form 1099-MISC to any of these vendors, you must set them up as 1099 Vendors:

  • On the Additional Info tab, select "Vendor eligible for 1099" and enter the vendor's tax ID number.
  • On the Address Info tab, make sure the vendor's name and address follow these guidelines.

If you have any questions about correctly setting up your 1099 vendors for reporting purposes, please give our office a call.

This information is based on facts, assumptions and representations as stated and authorities that are subject to change.  We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.

LEGAL NOTICE AND DISCLAIMER:  The information within this web site is for informational and educational purposes only and is not tax advice and should not be used as such.  The facts of each individual situation can have significantly different outcomes when applying tax law.  The hiring of a CPA is an important decision not to be based solely on advertisements.