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1099 REPORTING Application Setting

Group.    GENERAL

Type.  Parameter

Application.  PMS
                 OVOS

Description.  1099 Reporting Functionality.

Internal Name. 1099

Property Determination. The 1099 form is used to report to the US government income earned by travel agents as commissions, and income earned by owners of hotel condo units (when OPV_<version number> Opera Vacation Ownership System license is active) after any deductions but before any applied fees. OPERA allows you to prepare the 1099 as formatted file for transmission to the IRS and as printed 1099 forms (1099 MISC) for presentation to income earners.

Activation / Inactivation Rules.

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Available Values.

Y- Yes

N- No

Add On Licenses/Country Specifics.

This application parameter is available only if Country Mode = US.

Other Application Settings.

1099 FILE THRESHOLD
1099 MINIMUM AMOUNT
1099 TRN CODES

Affected Areas

Menus / Screens / Fields.

Miscellaneous > 1099 Reporting

Ownership > Update Contract > Owner’s Tab

Profile

Reports & Report Forms.

us_1099

Permissions.

1099 REPORTING

Other Areas..

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