3. Generating & Managing Tax Forms

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In this section:

• Generating 1099 Amounts & Statuses covers eligibility calculations for both 1099-NEC and 1099-MISC (Box 6).
• Understanding 1099 Statuses explains the lifecycle from Action Required through Accepted.
• Contractor Information for 1099 Forms outlines how Wingspan determines which data appears on each form.
• Updating Tax Forms details how to edit amounts, contractor details, and statuses when needed.
• Split Tax Forms describes handling mid-year TIN changes.