[GNC] Business use: Producing 1099s for vendors

[Eric Chapman]

Thank you, Adrien.

I understand. I know who needs to get 1099s from me. I think I can use 
GnuCash to get the info I need relatively easily. I was just searching 
for others' advice & experience.

Gratefully,
Eric

On 12/6/23 01:52, Adrien Monteleone wrote:
> 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!
>>
>
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-- 
Eric Chapman
GnuCash 5.4 on MacOS 14.1 Sonoma running on an Apple M3 Max computer.