E1: 1099: 2020 1099 MISC Attorney Fee and 409A Deferral Minimum Amount Processing Option Ignored in the Write Media (P04515)
(Doc ID 2741816.1)
Last updated on JANUARY 19, 2021
Applies to:JD Edwards EnterpriseOne Accounts Payable - Version 9.0 and later
Information in this document applies to any platform.
The Minimum Amount Processing Options for Gross Proceeds Paid to an Attorney and 409A Deferral are ignored when generating the 2020 1099 MISC form. Amounts under $600 are incorrectly included in the 1099 2020 MISC return.
Steps to Duplicate:
- P04515: Set the Min Amount Processing Options as per the 1220 publication: i.e. Gross Proceeds Paid to an Attorney minimum amount is $600 for 1099 MISC.
- P04510FP: Enter several records to be reported on 2020 1099 MISC, including a record for Gross Proceeds Paid to an Attorney (Type Return AA) for less than the minimum amount.
- P04515: Run the 1099 2020 MISC Write Media and verify the output.
- R045152: Notice that the amount for Gross Proceeds Paid to an Attorney, which was less than the minimum amount as per the processing options, is printed in box 10 on the 2020 1099 MISC form.
Note: A similar test can be done for 409A Deferral.
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