EAP WTHD: What is Required to Populate Box 7 and 8 On the 1099-INT Copy B Form?
(Doc ID 2915750.1)
Last updated on JANUARY 26, 2023
Applies to:
PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Symptoms
Applied the latest 1099 update to our test environment and are testing 1099-INT Copy B Forms. Added the Type and Classes 07 and 08 to Report Definition US_REPORTI, but amounts do not print on the form.
Steps
1. Withhold Type 1009I, added Classes 07 = Foreign Country or U.S. posses, 8 = Tax-exempt interest:
Set Up Financials/Supply Chain > Product Related > Procurement Options > Withholding Types and Classes
2. Added Classes 07 and 08 to US_REPORTI:
Set Up Financials/Supply Chain > Product Related > Procurement Options > Withholding Report Definition
3. Run 2099 Job:
Suppliers > 1099/Global Withholding > 1099 Reports > Withhold 1099 Report Job
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |