The Form 1099-INT Reporting (F1099I) page stores the data necessary to print the 1099-INT Form and generate the associated transmittal file to the IRS. Records can only be inserted by the Forms Reporting Table Load batch process. Only the Reprint, Exclude Print, User-Defined 1, and User-Defined 2 fields can be updated on this page; all other fields are protected. Updates should be made to the most current record (Current Record=Yes). The data from this page is taken from the output files of the Offline 1099 Process. Any changes required to the data should be initiated by correcting records on the 1099 Reported Income (1099R) or 1099 External Reported Income (1099ER) tables.
Records on 1099R can also be corrected using the M1099 transaction. Refer the "1099 Business Tasks" topic in this user guide for guidance on corrections.
If records were consolidated from 1099R and 1099ER (i.e., On TAXOPT, Consolidate Internal and External Income was set), the internal record from 1099R will be loaded first as version 1 then the external record from 1099ER will be loaded as version 2. The Account Number on F1099G will be Account Number of the source record. The Consolidated Account Number will be the Account Number of the first record that was loaded first. For example, the Account Number on the 1099R record was 123 for $400. The Account Number of the record on 1099ER was 456 for $100. When the records were loaded to F1099G, the records will appear as follows:
Account Number |
Consolidated Account Number |
Version |
Amount |
123 |
123 |
1 |
$400 |
456 |
123 |
2 |
$500 |
If data differs between internal and external records for the same field, data from the internal (1099R) record will be kept. For example, the Name on 1099R is Johnathon Smith and the Name field on 1099ER is John Smith. Since 1099R records will be loaded first, Johnathon Smith will be displayed in the Name field.
This page has the following tabs:
General Information – This tab includes common tax form related fields.
Processing Information – This tab includes system tracking related fields such as Last Modified Date, Last Modified By, Transaction Date, Last Print Run ID, and Last Transmitted Run ID.
Reported Income Information – This tab includes tax form data fields specific to the IRS Form 1099-INT for the tax year.