At Sat, 16 Nov 2024 10:40:26 -0600 R Losey <rlo...@gmail.com> wrote: > > 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?
Yes, except that I mis-remembered the threshold. It is $600, not $1000. The reporting is based on the sum, not the individual invoices. > > 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 8:32â¯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. > > > > -- 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
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