Tax Information Report - 1099/1098
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Screen ID: Screen Title: Panel Number: Report Name: |
LTAX-01 List Tax File Information 893 LTAX1, LTAX2, LTAXR, LTAXR1, LTAXSA |
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Access this screen by selecting Tool #1014: 1099/1098 Tax Information Report.
With this option, four separate reports can be generated: one for 1099-INT information, one for 1098 information (will also include 1098-E student loans), one for 1099-R (IRA Distribution) and 1099-Q (Coverdell IRA), and one for 1099-SA (HSA Distribution) information. NOTE: Both the 1099R and 1099Q are controlled by the same flag on the screen. Be patient. The detail versions of these reports can take a few moments to generate.
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You can even print the report for a single Social Security number, if you need to check on a certain member's information.
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VERIFICATION HINT: In addition to scanning data for obvious errors (unusually large dividend or interest amounts, for example), look for situations where there are two loan accounts for the same member, where both represent equity loans tied to the same property (may indicate a rewritten loan). Accounts closed during the tax year are also listed on this report in the "CL MT" column (Closed Seq/Month from the TAX file), indicated by a number in that field.
For complete information on when to print this report and how to update data in your tax file, refer to the current Year-End Processing Guide, available on our website:
https://www.cuanswers.com/resources/doc/cubase-reference/
Report Samples
