Entry in this field is not required.

This field defaults to the 1099 type specified for this vendor (in AP Vendors).

If 1099 amounts are to be included when printing 1099’s or creating 1099 electronic files (AP 1099 Processing), you must specify a 1099 type of “MISC” (Miscellaneous Income), “INT” (Interest Income), or “DIV” (Dividends/Distributions).


If you are only using 1099 types for informational or reporting purposes, any type is acceptable.