Associate federal 1099 default value to main account

Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

Note

These release notes describe functionality that may not have been released yet. To see when this functionality is planned to release, please review What’s new and planned for Dynamics 365 for Finance and Operations. Delivery timelines and projected functionality may change or may not ship (see Microsoft policy).

Some invoice lines identified for 1099 federal tax reporting might be reported for a different 1099 box from the vendor’s default box. Because vendors might receive a payment on an invoice that correlates to multiple 1099 boxes, it’s preferable that a line funding distribution using a main account be consistently reported in a specific 1099 box. With this new feature, you will be able to recalculate the 1099 box values for vendors to more accurately report the accumulated balances with the Internal Revenue Service (IRS).