Recipients
NOTE: See Customer Dashboard for definitions of recipients features in the user interface.
Recipients are the people or businesses who received payments throughout the year from the Payer. Generally, recipients are vendors of goods and services and non-employee contractors. Multiple Recipients may exist for each Payer.
Use the Recipient panel in the customer dashboard to track all recipients for a given payer, as well as to add, edit, or delete recipients as part of processing 1099 series and other forms.
IMPORTANT: Form 1098 and Form 1098-C are different from the other forms. The recipient is required to file these forms instead of the payer. To file these forms correctly, note the following:
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Recipients of mortgage interest required to file Form 1098 should set themselves up as Payers in 1099-Prep and the payers of the mortgage interest as recipients.
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Tax-exempt organizations receiving non-cash charitable contributions reported on Form 1098-C should set themselves up as payers in 1099-Prep and the donors as recipients.
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