This option indicates whether the amount meets the minimum requirement and must be reported to the IRS. Note If your organization ...

This option indicates whether the amount meets the minimum requirement and must be reported to the IRS. Note If your organization is in the public sector and uses the 1099-S page, an S-2 amount can be less than the minimum requirement and still have to be reported to the IRS. For example, the S-2 amount can be zero, and if the S-4 transfer or received property or services option is selected, the IRS reportable option is selected.
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