Important Notice for Version X.4: Maintenance and Support for MRI Property Management version X.4 will end on December 31, 2022. Beginning with tax year 2022 MRI Software will release 1099 compliance updates on version X.5 only.
MRI Software versions X.5.9.2 and above have been updated to comply with 1099-NEC and 1099-MISC form changes for tax year 2022. Please reach out to your account executive if you are on a version earlier than X.5.9.2 and would like assistance with generating 1099s.
In preparation for these updates, please ensure the following steps have been taken:
- All vendors that should receive a 1099 are marked as 1099 vendors and they have the correct payee type or are marked as attorney fees vendors
- Expense accounts are marked as 1099 accounts
- 1099 payers have been set up. If setting up payers by entity/entity groups, make sure that all entities associated with a payer have been defined
