M1099 Transaction Type

The 1099 Maintenance (M1099) transaction enables authorized users to create or modify 1099 Reported Income (1099R) records. This transaction can be created from the Transaction Catalog or accessed through the given 1099R links provided on the 1099R transaction:

• The Create New Record link that exists on the page-level menu on 1099R creates an M1099 transaction with the Action Code of New and new information can be entered.

• The Modify Existing Record link that exists on the row-level menu on 1099R creates an M1099 transaction with the Action Code of Modified and it will infer the existing information for the record from the 1099R table.

Finalized versions of the 1099 Maintenance transaction cannot be modified or cancelled. In order to modify an existing 1099R record, a new M1099 transaction will need to be created with the appropriate Line Action.

The 1099 Maintenance (M1099) Transaction Type has the following Transaction Code:

Transaction Name	Transaction Code	Intended Use
1099 Maintenance	M1099	The 1099 Maintenance (M1099) transaction enables authorized users to create or modify 1099 Reported Income (1099R) records.