swaitsandClaude Opus 5.5
249e216fc0
A vendor's 1099 decision is its own dated fact (files NEC or MISC, not reportable with its reason, or undetermined), applied by each payment's date. Payment methods are recorded; card and network payments are left out and listed; a member's check through financing counts; a bank payment with no method counts (D-40); $2,000 for payments after 2025. One worksheet for the tool, the viewer and the CPA package. Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com> Claude-Session: https://claude.ai/code/session_01T3gXMVt7XJPi6ens1or9Dj
93 lines
2.6 KiB
TOML
93 lines
2.6 KiB
TOML
id = "1099-money-between-own-accounts-pays-no-one"
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title = "Paying the card bill, reimbursing a member, or paying down a loan pays no payee"
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rule = """
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A 1099 reports payments made to the payee. Money moved between the payer's
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own payment sources (its bank paying its card's balance, reimbursing a
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member who paid for it, paying down a loan's principal) pays no payee, even
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when the entry is tagged with the card issuer, the member's payee record or
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the lender: the movement out of one source is offset by the movement into
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the other.
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"""
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status = "CONVENTION"
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sources = [
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"26 U.S.C. §6041(a) (payments made to the payee: docs/spec/sources/irs-1099-thresholds.md)",
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"wanderbooks P3 review R1 (2026-10-20): netting an entry's payment buckets",
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]
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tags = ["1099", "netting"]
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[setup]
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currency = "USD"
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fiscal_year_start = "01-01"
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basis = "cash"
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rounding = "half-away-from-zero"
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cash_accounts = ["1000"]
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financing_accounts = ["2100", "2500"]
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[[setup.accounts]]
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code = "1000"
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name = "Bank"
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type = "asset"
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[[setup.accounts]]
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code = "2050"
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name = "Company card"
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type = "liability"
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[[setup.accounts]]
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code = "2100"
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name = "Due to Members"
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type = "liability"
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[[setup.accounts]]
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code = "2500"
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name = "Equipment loan"
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type = "liability"
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[[setup.instruments]]
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label = "Harbor Visa"
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kind = "business_card"
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account = "2050"
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[[setup.payees]]
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name = "Harbor Card Services"
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form = "1099-NEC"
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[[setup.payees]]
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name = "Harbor Equipment Finance"
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form = "1099-NEC"
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[[events]]
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date = "2026-05-25"
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description = "Card bill paid from the bank"
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payee = "Harbor Card Services"
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lines = [
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{ account = "2050", side = "debit", amount = "1200.00" },
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{ account = "1000", side = "credit", amount = "1200.00" },
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]
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[[events]]
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date = "2026-06-01"
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description = "Loan principal"
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payee = "Harbor Equipment Finance"
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lines = [
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{ account = "2500", side = "debit", amount = "3000.00" },
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{ account = "1000", side = "credit", amount = "3000.00" },
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]
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# By hand: the bill: +1,200.00 out of the bank, −1,200.00 into the card's
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# account: nets to 0.00 in every bucket. The loan: +3,000.00 out of the
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# bank, −3,000.00 into the loan (a financing account): 0.00.
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[[expect]]
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query = "vendor_1099"
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payee = "Harbor Card Services"
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from = "2026-01-01"
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to = "2026-12-31"
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values = { status = "under_threshold", threshold = "2000.00", paid = "0.00", excluded_card = "0.00", undetermined = "0.00", not_reportable = "0.00" }
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[[expect]]
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query = "vendor_1099"
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payee = "Harbor Equipment Finance"
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from = "2026-01-01"
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to = "2026-12-31"
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values = { status = "under_threshold", threshold = "2000.00", paid = "0.00", excluded_card = "0.00", undetermined = "0.00", not_reportable = "0.00" }
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