PEAS - 1099DFLT

Reporting 1099 information
Release 7.9 and later directly update this information on the PEUPPE page, Vendor tab, within the 1099 field. The PE Association is no longer required but still relevant for users of earlier releases.
This common code is useful in directing the reporting of 1099 information. If a vendor is defined in PERSON / ENTITY NAME AND ADDRESS with a "Y" in the 1099 field, but all payments are to be reported on the 1099 in a box other than Box 7, the Person / Entity Associated Assignment (PEUPPE) may be used to direct the 1099 reporting to another box.
Code Category: PEAS
Code Value: 1099DFLT
Short Description: Not required.
Medium Description: Used to describe the common code.
Long Description: Used to describe the common code.
Associated Numeric Values, Associated Codes, Associated Description
1-5: Reserved for future use.