Skip to content
logo Knowledgebase

Report Gross Proceeds Paid To An Attorney on vendor 1099s

Created on  | Last modified on 

Summary

Report Gross Proceeds Paid to an Attorney on a 1099 in Sage 300 CRE Accounts Payable.

Description

Refer to the IRS form instructions for the 1099-MISC and 1099-NEC. Consult with your tax accountant about whether you need to report amounts in the Gross Proceeds Paid To An Attorney box on the 1099-MISC form.

Resolution

See set up information and considerations for printing the amount paid in the Gross Proceeds Paid To An Attorney box on the 1099-MISC form.

  1. Go to Accounts Payable, Setup, Vendors.
  2. Select the vendor.
  3. Go to the 1099 Settings tab.
  4. Select form type 1099-MISC Rents/Gross Proceeds.
     NOTE: For versions 20.2 and older, select form type 1099-MISC Non-Employee Compensation. 
  5. Check the Gross Proceeds Paid To An Attorney box.
  6. Click Save.
  7. Repeat these steps for other vendors, as needed.
  8. Click Close.