Reason Codes for 1099 Box Numbers (tfcmg1116m000)

Use this session to assign the payment-reason codes to 1099 box numbers.

Note

If the specified reason code is used for a purchase invoice or standing order, the amount paid is included in the 1099-MISC Income information generated by the File 1099-MISC (tfcmg3204m000) session.

Related topics

 

Year for 1099
The 1099-MISC Income reporting year for which payment-reason codes are defined.
1099 Box Number
Enter the 1099-MISC Income box-number for which payments-reason codes are defined.
Note

Box numbers are assigned by the IRS to categorize the various types of 1099-MISC Income to be reported. The box numbers specified by the IRS for 1997 are:

Box 1Rents
Box 2Royalties
Box 3Other income
Box 4Federal income tax withheld
Box 5Fishing boats proceeds
Box 6Medical and health care payments
Box 7Non-employee compensations
Box 8Substitute payments in lieu of dividends or interest
Box 9*Direct sales of 5,000 or more of consumer products
Box 10Crop insurance proceeds
Box 11State income tax withheld
Box 12State payer's state number

 

These box numbers are subject to change by the IRS at any time.

* Boxes 9 and 12 are filled in for 1099-MISC Income filing based on information maintained in the Pay-to Business Partner 1099 Details (tccom4126s000) session. These boxes must be excluded from this session.

Reason
Payment-reason codes associated with the specified year and the 1099-MISC box number.