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

• See the US Year-End Procedures Guide (YEPG) for more information
• See more information if you have questions about eFiling with Aatrix
• See which forms to order for year-end

CAUTION: Sage support can't assist with third-party products, hardware, report customizations, or state and federal tax questions. Refer to our Scope of Support for more info. Contact your Sage business partner, network administrator, or accountant for assistance.

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 steps to print or generate Form 1099-INT for deposit interest.

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 steps to print or generate Form 1098-Mortgage Interest.

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

A: See information about amounts that print on the 1098-Mortgage Interest statement.