FAQ - Property Management year-end forms - 1099-INT and 1098
Description
Cause

Resolution

 

[BCB:5:Third-party support:ECB]

 

Printers and Form Setup

Q: What kind of printer can I use to print 1098s and 1099-INTs?

A: Use a laser printer. We no longer test or support dot matrix printers for year-end in Sage 300 CRE. If you encounter issues using a dot matrix printer, use a laser printer instead. See the Year-End Procedures Guide for more information.

1099-INT FORMS

Q: How do I print 1099-INT forms in Property Management?

A: See How do I print or generate Form 1099-INT for deposit interest paid in Property Management?

1098 FORMS

Q: What is a 1098 used for in Property Management?
A: You use 1098 Interest forms to report mortgage interest paid by tenants for a given calendar year. You can also print real estate taxes on this form for informational purposes.

The Property Management co-op market issues 1098 information to both their tenants (co-op shareholders) and the government. This feature produces printed 1098 forms (on pre-printed forms) to send to tenants. The government can receive either the same printed forms or magnetic media.

Q: How do I print 1098-Mortgage Interest forms?

A: See How do I print or generate Form 1098-Mortgage Interest in Property Management?

Q: How are the amounts on 1098-Mortgage Interest forms calculated in Property Management?

A: See What amounts print on the 1098 Mortgage Interest statement?

 

 

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