Editing the 1099 NEC Report

After you have generated a 1099 NEC report, the 1099 report can be edited to add missing tax records, modify the compensation amount for a contact, or modify the type of 1099.

Create a Tax Record from the 1099 Report

1. After running the report, the View Report page will be displayed.
2. You can now view some details regarding the 1099 data.
   • If there are any contacts that were included in the report for which SkySlope Books does not have tax records, they will be listed first. The red info icon to the left of their name indicates “missing tax record details.” 
   • Tax records for these contacts will need to be created.
3. Click on the name of the contact.
4. The Create 1099 Tax Record pop-up will appear.
5. Here, you can put tax details similar to the steps in the section above for creating tax records. 
6. Complete the fields and Save.

Modify the 1099 Report Type

The type of report you want to print out can be updated as you send out different versions of the report.

1. In the Submission Type field, click on the dropdown for the line item you want to modify.

2. There are three options:

   • Initial (default)
     • This is the first 1099 filed on behalf of the contact.
   • Void
     • This is used when you are voiding a previous 1099 filed.
   • Correct
     • This is used when you are providing a corrected 1099 that was previously filed incorrectly.

Modify the Compensation Amounts 

There are three different locations where you can modify the compensation amounts:

• View Report Page
• 1099 Breakdown Page
• Payments Made Page

View Report Page

1. After running the report, the View Report page will be displayed.
2. Under 1099 Income, you will see the dollar amount of 1099 income calculated by SkySlope Books. 
3. Click on the 1099 Income field, and you can proceed to make any necessary adjustments to the 1099 Income amount.
4. When you click out of the 1099 Income field, your changes will be saved automatically.
   Note: The 1099 Income amount will display a "Modified" label to show that the 1099 amount differs from the amount calculated by SkySlope Books.

1099 Breakdown Page

1. After running the report, the View Report page will be displayed.
2. Click the Actions Menu icon , and then select Edit 1099 Breakdown.
3. In the new window, you will see a list of all payouts contributing to the individual's 1099 income. In the 1099 Income column, proceed to make any necessary adjustments to the 1099 income amount. (Shown in the image below)
   Click Done to save your changes.
4.  The total 1099 Income generated from the report will be updated to reflect the changes.

Payments Made Page

1. After running the report, the View Report page will be displayed.
2. Click the Actions Menu icon , and then select Edit 1099 Breakdown.
3. In the new window, you will see a list of all payouts contributing to the individual's 1099 income. To modify an individual Payment Made, click on the hyperlinked Reference Number.
4. A new tab will open and you will be taken to the Payment Made screen for that payment. 
   On the right side of the page, locate the 1099 Amount. 
5. Click the pencil icon to edit the 1099 Amount. 
6. In the pop-up window, enter the correct 1099 Amount. 
7. Click Save to save your changes. 

Updated December 23, 2024 15:49