Before you begin:
Choose the 1099 Report Summary or Detail option from the 1099 and Unit Totals Reports Menu off the Owner Reports Menu. The system will track the owners’ 1099 information automatically. The 1099 report adds up the twelve months of gross rental income and owner referral income to come up with the annual amount to print on the 1099 form. If an owner changes mid year and the owner has been properly transferred in the system, these report should generate information reflecting each owner’s share of the unit’s rental business.
Prompt Descriptions…
1099 to print:
‘Include All’ is the default option or you can print just 1099’s for owners by clicking ‘Unit’ or just Vendor 1099’s by choosing the ‘Vendor’ button.
Print Federal ID:
Choose ‘Yes’ to print the federal identification number on the 1099 or ‘No’ to leave it off.
Print SSN < $600:
Choose ‘Yes’ if you want to print 1099’s for the 1099’s that refer to earnings less than $600.
Year Reporting:
RMS will default to the current year.
No Print 1099’s:
This option is not available on this screen. If you choose this screen you have viewed previous reports and approved the way the 1099s will look and you want a print out that formats to the current years forms.
Verification for Printer Defaults:
You may be prompted to check your Optimum printer defaults to be 8LPI, fixed line spacing.
[Print] [Setup] [ Vendor] [Owner]:
Choose Print if you are ready to print.
Choose Set Up to see a sample print out and make any adjustments needed.
Choose Vendor if you want to select a specific Vendor to Print. You will be able to select from the list of vendors on file.
Choose Owner to select a specific Owner to print for. Enter the unit #-owner # to specify.
Previous prompt selections will be listed.
"Processing record" : This reflects internal information and cannot be edited.
"Records Selected" : RMS will indicate how many records or 1099s will be printed.
"Records Printed" : RMS will indicate how many records were printed.
[Exit] :
Choose this option if you do not want to print any 1099’s. You will be returned to the 1099 and Unit Totals Reporting Menu.