The following categories represent boxes 1 through 14 on the 1099-MISC form. QuickBooks tracks amounts for the following boxes:
Box 1: Rents
Box 2: Royalties
Box 3: Other Income
Box 4: Federal Tax Withheld
Box 5: Fishing Boat Proceeds
Box 6: Medical Payments
Box 7: Nonemployee Compensation
Box 8: Substitute Payments
Box 9: Direct Sales
Box 10: Crop Insurance Proceeds
Box 13: Excess Golden Parachute
Box 14: Gross Proceeds to Attorney
Many businesses only need to track nonemployee compensation (Box 7). If you're uncertain which categories apply to your business, visit the IRS Web site and search for Instructions for Form 1099-MISC.
Note: QuickBooks will print Form 1099-MISC, but does not handle other types such as Form 1099-INT or Form 1099-DIV.
See also