SECTIONSIncome Tax Type Picklist Values Relationships
The 1099 Income Tax Type Picklist Update Feature Console feature updates the picklist values of the Income Tax Type field by activating and deactivating the corresponding values on the following objects: Account, Payable Invoice, Payable Credit Note, and Transaction Line Item.
The table below details the relationship between the deactivated values and the activated ones.
For more information about the 1099 Income Tax Type Picklist Update Feature Console feature, see Enabling 1099 Income Tax Type Picklist Update.
| Activated Value | Deactivated Value |
|---|---|
| (MISC) 1 - Rents | 1 - Rents |
| (MISC) 2 - Royalties | 2 - Royalties |
| (MISC) 3 - Other Income | 3 - Other Income |
| (MISC) 4 - Federal Income Tax Withheld | 4 - Federal Income Tax Withheld |
| (MISC) 5 - Fishing Boat Proceeds | 5 - Fishing Boat Proceeds |
| (MISC) 6 - Medical and Healthcare Payments | 6 - Medical and Healthcare Payments |
| (MISC) 7 - Payer Made Direct Sales of 5000 or More (Checkbox) | 7 - Payer Made Direct Sales of 5000 or More (Checkbox) |
| (MISC) 8 - Substitute Payments in Lieu of Dividends or Interest | 8 - Substitute Payments in Lieu of Dividends or Interest |
| (MISC) 9 - Crop Insurance Proceeds | 9 - Crop Insurance Proceeds |
| (MISC) 10 - Gross Proceeds Paid to an Attorney | 10 - Gross Proceeds Paid to an Attorney |
| (MISC) 11 - Fish Purchased for Resale | 11 - Fish Purchased for Resale |
| (MISC) 12 - Section 409A Deferrals | 12 - Section 409A Deferrals |
| (MISC) 13 - FATCA Filing Requirement (Checkbox) | 13 - FATCA Filing Requirement (Checkbox) |
| (MISC) 14 - Excess Golden Parachute Payments | 14 - Excess Golden Parachute Payments |
| (MISC) 15 - Nonqualified Deferred Compensation | 15 - Nonqualified Deferred Compensation |
| (MISC) 16 - State Tax Withheld | 16 - State Tax Withheld |
| (MISC) 17 - State/Payer's State No. | 17 - State/Payer's State No. |
| (MISC) 18 - State Income | 18 - State Income |
| (NEC) 1 - Nonemployee Compensation | N/A |
| (NEC) 2 - Payer Made Direct Sales of 5000 or More (Checkbox) | N/A |
| (NEC) 4 - Federal Income Tax Withheld | N/A |
| (NEC) 5 - State Tax Withheld | N/A |
| (NEC) 6 - State/Payer's State No. | N/A |
| (NEC) 7 - State Income | N/A |