Sage 50 Year-End Guide > Payroll Year-End Procedures > Print Yearly Reports and Forms > Adjust lower limits for 1099 and 1096 forms

1099 and 1096 Forms - Lower Limits (Window)

How Do I...

The Lower Limits window lets you manually set the lower limits for all boxes that appear on your 1099 and 1096 forms. These limits are the lower limits for payments of different types that you made to your 1099 vendors—for example, rent or medical and health care payments. The lower limits that you can adjust vary by form.

For Form 1099-INT:

You can set the lower limit for only Box 1, interest income.

For Form 1099-MISC:

You can set the limits of the following boxes:

For Form 1096:

You can set lower limits for all the above 1099-MISC boxes as well as 1099-INT Box 1, interest income.

Set Lower Limits

To change the lower limits for the available boxes, enter a new value in the appropriate field in the Lower Limit column.

Reset Default

To return all the lower limit settings to the default settings (as established by the federal government), select the Reset Default button.

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