Thank you, Robert, for that information about 1099s. I am familiar with the 1099-INT and 1099-DIV, and 1099-R, but the the usage that the question is about. Very helpful being on this list.
A question: If a contractor did three different jobs during the year, and ALL of the invoices were under $1,000 (but together they sum to over $1000), would a 1099 still need to be issued? Oh, and I think there is an error in the comments about 1099-INT - I think banks send them for interest over $9.99, not $999.99. On Sat, Nov 16, 2024 at 8:32 AM Robert Heller <hel...@deepsoft.com> wrote: > At Sat, 16 Nov 2024 14:00:24 +0000 "Maf. King" <m...@chilwell.net> wrote: > > > > > On Saturday, 16 November 2024 13:20:59 GMT halatch1008 via gnucash-user > wrote: > > > I still can Not find answer on how to select my Vendors to print a > list of > > > my Vendors who I need to send 1099's to. > > > > > Thanks,Heidi LatchSent from my > > > Verizon, Samsung Galaxy smartphone > > > > > > > > Whats a 1099? is this something specific in the rules for the USA? > > Yes. It is a way for the IRS to track income > $999.99 that is not regular > wages (which are tracked with W2s). Eg as a contractor I would invoice a > client for jobs and if the invoices sum to $1,000.00 or more, the client > would > file a 1099 with the IRS (basically stating that they paid me $x for > contract > work) and send me a copy of the 1099. Also 1099's are used by banks when > paying intrest > $999.99, and also pension funds (1099r), Same for stocks > and > bonds dividends/interest. A 1099 form is a form stating that money was > paid as > reportable income to a taxpayer. > > > > > Maf. > > > > > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > > > > > > > > > -- > Robert Heller -- Cell: 413-658-7953 GV: 978-633-5364 > Deepwoods Software -- Custom Software Services > http://www.deepsoft.com/ -- Linux Administration Services > hel...@deepsoft.com -- Webhosting Services > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
