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Prepare form 1099 (all variations)

Enter Box 1 and 3 on Form 1099-S

Follow these steps to enter Box 1 and 3, the closing date and address of the property, on Form 1099-S.

For live 1099 processing

  1. Select
    Actions
    , then
    Enter Transactions
    .
  2. Select a transaction with a 1099 distribution.
  3. Select Options for the distribution in the Transaction Detail section.
  4. Enter the description, address, city, state, and ZIP.
    important
    The description won't display on the 1099-S. If you need the description of the property included in Box 3 of the 1099-S, add the variable
    [TaxForm.1099S.DescriptionofProperty]
     to the form in Layout Editor.
  5. Select the closing date in the
    Date of closing
     dropdown to populate Box 1.

For after-the-fact 1099 processing without transactions entered in Accounting CS

  1. Select
    Actions
    , then
    Edit Payroll Tax Forms
    .
  2. Select
    1099
     for
    Form type
    ,
    1099-S
     for
    1099 type
    , and the year.
  3. Select
    Refresh
    .
  4. Select
    Copy A
     from the
    Form
     dropdown.
  5. Select the
    Recipient Data
     tab.
  6. Find the vendor and enter the following information:
    • Box 3 Description
    • Box 3 Address
    • Box 3 City
    • Box 3 State
    • Box 3 Zip
    important
    The description won't display on the 1099-S. If you need the description of the property included in Box 3 of the 1099-S, add the variable
    [TaxForm.1099S.DescriptionofProperty]
     to the form in Layout Editor.
  7. Enter the closing date in
    Box 1 Date of Closing
    .

This article applies to:

  • Product: Accounting CS
  • Subject: Payroll tax forms

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