Regulatory 1099 format changes and details
Wichtig
This article records historical changes for the legacy IRS 1099 workflow. The replacement IRS Forms workflow was introduced as a feature update in version 24.0 and automatically enabled in version 27.0. For that workflow, go to Introduction to the IRS 1099 tax forms.
The Internal Revenue Service (IRS) periodically updates 1099 forms. This article lists historical IRS 1099 code and layout changes in [!INCLUDE[prod_short](../../includes/prod_short.md)]. It isn't a list of current filing requirements. Confirm requirements with the IRS for the reporting year.
Wichtig
Running the legacy Update Form Boxes action prevents you from reporting for previous years because some boxes change their meaning. Complete reporting for the previous year before updating the boxes. For the procedure, go to Update the 1099 form boxes.
Regulatory 1099 format changes November 2023
There are no changes associated with the 1099 report layouts for the year 2023. To continue printing the text of the new year on reports, such as 2024, upgrade your [!INCLUDE[prod_short](../../includes/prod_short.md)]. To get this update, update the 1099 form boxes.
Regulatory 1099 format changes November 2022
1099 changes for 2022 provide an upgrade for the MISC and DIV boxes.
- Some of the boxes will be shifted in all 1099 reports.
- A calendar year is added in the top right corner in printouts.
- For the MISC report, the position of the FATCA mark is different. There are no changes in the sequence of text elements for the Magnetic Media.
The additions are relevant for the reporting year 2022. Before you prepare your reporting for 2022, you must first upgrade your [!INCLUDE[prod_short](../../includes/prod_short.md)] to handle the new requirements.
Regulatory 1099 format changes December 2021
The following table lists the 1099 Form Box codes that are added to 1099 forms.
| Form | Amount Type | Code |
|---|---|---|
| Form 1099-DIV | Section 897 Ordinary Dividends | DIV-02-E |
| Form 1099-DIV | Section 897 Capital Gains | DIV-02-F |
| Form 1099-MISC | Fish Purchased for resale | MISC-11 |
| Form 1099-NEC | Payer made direct sales totaling $5,000 or more of consumer products to recipient for resale | NEC-02 |
The additions are relevant for the reporting year 2021. Before you prepare your reporting for 2021, you must first upgrade your [!INCLUDE[prod_short](../../includes/prod_short.md)] to handle the new requirements. To get this update, update the 1099 form boxes. Alternatively, you can open 1099 Form Boxes, and use Schedule an update of the form boxes in the notification to specify when the update runs.
Regulatory 1099 format changes December 2020
In [!INCLUDE[prod_short](../../includes/prod_short.md)], the new 1099 Form Box codes NEC-01 and MISC-14, and a new form, Vendor 1099 Nec, have been added. The additions are relevant for the reporting year 2020. Before you submit your reporting for 2020, you must first upgrade your [!INCLUDE[prod_short](../../includes/prod_short.md)] to handle the new requirements. To get this update, update the 1099 form boxes.
Regulatory 1099 format changes December 2018
In [!INCLUDE[prod_short](../../includes/prod_short.md)], a new 1099 Form Box code DIV-05 has been added, and all the 1099 codes from DIV-05 to DIV-11 were upgraded to codes from DIV-06 to DIV-12. When you open the IRS 1099 Form Box page, a notification pops up to upgrade the form boxes. If you change the 1099 code on the Vendor Card page, a notification displays asking if you want to update the 1099 codes for all the associated entries (like purchase documents, journal lines, posted invoices, credit memos, and vendor ledger entries).