Multi-Unit Forms
IRS rules do not allow the most popular forms to have multiple units from the same Payer to the same Recipient (e.g., forms 1099-NEC and 1099-MISC). There are exceptions for several types of forms, and these exceptions are to avoid erroneous duplicate filings.
Form types that do allow multiple units require each unit to have a unique value in particular fields.
While you may create multiple units from the same Payer to the same recipient for any of the following forms, you must enter a unique value for each in the boxes specified, below.
|
Form |
Box Description |
|---|---|
| 1042-S |
Income Code (1) Ch3 Exemption Code (3a) Ch3 Tax Rate (3b) Ch4 Exemption Code (4a) Ch4 Tax Rate (4b) Intermediary Ch. 3 status code (15b) Intermediary Ch. 4 status code (15c) Intermediary or flow-through entity's name (15d) |
| 1098 | Address or Description of Property Securing a Mortgage (8a – 8g) |
| 1098-C | Vehicle or Other Identification Numbers (3) |
| 1099-B | Short or Long-term Gain or Loss (2a – 2b) |
|
1099-C |
Identifiable Event Code (6) |
|
1099-DIV |
Foreign Country or US Possession (8) |
|
1099-INT |
Foreign country or US Possession (7) |
|
1099-K |
Gross amount of payment card/third party network transactions (1a) |
|
1099-OID |
Description (7a – 7d) |
|
1099-R |
Distribution Code (7a1 – 7a2) |
|
1099-S |
Property Address or Legal Description (3a – 3c) |
|
3921 |
Date option granted (1) Date option exercised (2) Exercise price per share (3) Fair market value per share on exercise date (4) No. of shares transferred (5) If other TRANSFEROR, name, address, and TIN of corporation whose stock is being transferred (6) |
|
W-2G |
Date Won (2) Type of Wager (3a) Wager Description (3b) |