1099 Question on Box 6 and Box 7.
Preparing 1099 amount for payments made to a horse boarding farm. When we receive the bill, amounts charged for vet visits and medicines are coded to our expense account, "Vet Expenses," overnight boarding is coded to "Boarding Expenses," etc. We also have Vets that we pay directly for their services. We have mapped "Vet Expenses" to appear in Box 6, however we're finding that for entities where we have paid for boarding etc. (amounts in excess of $600) those amounts are being reported correctly in Box 7, but if the amount of vet services is less than $600 for that same vendor, the amount will not be reported in Box 6. I think that the total should be reported regardless of the split between types of payments. We can't just report the payments for vet services in Box 7 as we have other direct payments to Vets that should be reported in Box 6. Anyone else run into this?