Anyone have any sucess with 1099-int recognition?
I have yet to have the software recognize a 1099-int - Am I doing something wrong - is there a way to tie it in?
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2 Replies
02/09/07 11:36am PST
None of the banks use a govt form for a 1099-INT. I suspect that only interest reported on the govt version of the form will be recognized by SDAE.
Did you at least get a message that the form was not recognized? In the one or two times that I tried it, I did not.
02/22/07 12:32pm PST
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As some of you may already know, QB does not have the capacity to prepare 1099-INT forms. These are required for interest paid to individuals that accumulate to over $10 per year.
In researching options for 1099-INT, I found this service below to be the best value! They charge a setup fee of $50 and then a per form cost which includes the postage, mailing and filing with the IRS. The primary alternative to prepare these was to purchase software that cost in the hundreds.
Pam Engler
1099connection
