Running a 1099-R report for negative wages
Note: If PR253 is populated from a previous run, clear all the
fields on the form.
Before you create your 1099-R forms or electronic files, run 1099-R Reporting (PR253) for Report Option equal to negative wage. If you have any employees who have negative wages, you must correct the wages before you print the 1099-R forms.
PR250 does not create a 1099-R form or PR251 does not create a electronic file for employees with negative data. These employees print on the Error report with the message, "No 1099-R created, negative data exists," and appear on the Detail and Summary Edit reports and the Negative Wage report.