[GNC] Business use: Producing 1099s for vendors

[Adrien Monteleone]

The 'status' can change with the wind.

GnuCash, so far, does offer you a wealth of information concerning your 
activity with each 'vendor' that is most likely useful for information 
you have *already determined* need a 1099.

That is, your question is not a GnuCash question, but a legal one.

Answer your legal question, then ask how or does GnuCash provide the 
info you need to meet that legal obligation.

You need to seek the advice of a local competent professional—first.

We can only answer the question, "Now that I know what I need to do, how 
do I do this with GnuCash?"

Regards,
Adrien

On 12/5/23 1:46 PM, Eric Chapman wrote:
> My little business sometimes has to provide 1099s to vendors and the IRS.
> 
> I was searching for how to best do that with GnuCash. I found a helpful 
> tutorial here: 
> https://www.reddit.com/r/GnuCash/comments/eqpkih/how_to_deal_with_usa_1099misc_in_gnucash/. It is 4 years old, but I read through it, and it looks as if it probably would still be useful.
> 
> I also found this question and answer from 2016: 
> https://lists.gnucash.org/pipermail/gnucash-user/2016-April/065105.html
> 
> My questions:
> 
> (1) Is the tutorial on reddit my best approach or is there a better one 
> somewhere? How do others using GnuCash do it?
> 
> (2) Is it true that GnuCash does not have a way to tag vendors as to 
> their 1099 status, or did I just miss it? Seems to me each vendor could 
> have a box ticked if it is not a corporation, and then if the annual 
> payments to that vendor exceed $600, a report could be run.
> 
> Thank you!
>