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Separate 1099 for a Vendor Record with Multiple Subsidiaries?
Currently, when you have a Vendor record that is used by multiple subsidiaries, you are only able to generate one 1099 report for that vendor, when there is a legal obligation to report per subsidiary the transactions you had with that one vendor.
For Example:
Parent Company does $40,000 business with Vendor
Subsidiary Company does $10,000 business with the same Vendor
One 1099 form is generated for $50,000 instead of 2 separate 1099's.
Why have the multiple subsidiaries in the Vendor Record, when you can't accurately report on individual subsidiaries?
Has anybody done a work around for this and if so what did you do?
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