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This article applies to:

  • Product: Accounting CS
  • Subject: Payroll tax forms

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 the ellipsis 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
    .

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