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Sage BusinessWorks Ideas Portal
Status Great Ideas Delivered
Created by Guest
Created on Jan 12, 2024

Ability to Process 1099-INT

Need the abilities to report and file the 1099-INT forms.

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  • Admin
    Kim Crabtree
    Reply
    |
    Aug 7, 2024

    Hi all,

    Thank you for your feedback. We are excited to announce that we have added support for 1099-DIV and 1099-INT forms to Sage BusinessWorks 2024. You will see new options in AP, Vendors, Maintain Vendors, Other for the 1099 Type (DIV, INT, NEC, MISC) and the 1099 boxes. Note that if you have a 1099 Vendor that uses SSN/ITIN that you need to select this option and enter the Vendors first and last name to allow successful completion of your 1099 processing.

    For further information about upgrading see our article how to upgrade Sage BusinessWorks.

  • Admin
    Cyndee Schwartz
    Reply
    |
    Jan 19, 2024

    Thank you for your submission!

    Where are you storing or recording Interest paid transactions in BusinessWorks? That would help us to determine whether this could be done.