From the menu bar Click Reports, Click Reports and Graphs Center, Click How am I spending my money?, Click Transaction, set report date, Click Customize, Type Title - Form 1099 Report, Click Subtotal by: Click Payee, Click Totals Only, Click Accounts tab, Click Mark All, Click Include tab, Click Mark All, Click Advanced tab, Click Tax-related Transactions Only, Click Transaction Types, Click Payments, Click Create Report.
This transaction report lists all the people and businesses you have made tax-related payments to during the year. From this list, you can determine which ones need to be furnished with 1099 information forms.
Form 1099-Misc. is issued to persons or non-incorporated businesses who are not your employees and who you paid $600 or more during the year for business expenses. Typical expenses reported would be cash rents, custom work, building repairs, accounting and legal fees and other expenses paid to individuals or non-incorporated businesses. Expenditures for seed, feed, fertilizer and lime, parts, fuel, livestock and other supplies are not reported.
If you are paying more than $600 in business interest to an individual, you would report that interest on Form 1099-Int.