GotSport Pay – How to Create 1099 (Not File) for a single person:

Overview:

Once the Tax Report has been generated and the 2024 Total Paid is complete, inclusive of GotSport Pay and Non-GotSport Pay payments, the 1099-NEC can be Created.  This will create a “draft” of the 1099-NEC but it has not been filed with the respective State and/or Federal authorities. 

Note: When created the 1099-NEC will be visible to the recipient on the Information tab of their GotSport Profile. 

Instructions:

Step 1:

In the left navigation select Billing > GotSport Pay

Step 2:

Select Taxes from the top navigation.  This will display the Tax Preparation tab.

Step 3:

When the Total Paid column displays the amount to be filed reported click on Create 1099 in the Actions column.

Step 4:

A confirmation box will appear for the user to confirm they want to create the 1099.

Step 5:

Once created the record for the selected individual(s) will display in green and the Actions column will update to having two options:

• • • View 1099 – Hyperlink to show the 1099 that will be available to the individual and reporting to the respective State and/or Federal authorities.
    • File 1099 – Action to officially file the 1099 to the respective State and/or Federal authorities.  This will also move the record from the Tax Preparation to Tax Filed tab.

Note: Creation of the 1099 will make it available to view and print for the respective individual(s) even if it not officially filed.