Financial Management - PSFT (MOSC)

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2026 1099 $2000 Limit

in Financial Management - PSFT (MOSC) Question

Other than applying the 1099 2026 patches, is there anything else that needs to be done to implement the NEW 1099 reporting limit

Beginning with tax year 2026, the One Big Beautiful Bill Act (OBBBA) raises the 1099 reporting threshold to $2,000 and adjusts it for inflation each year going forward

This applies to 1099-NEC and 1099-MISC.

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