Update 1099 Detail File

The information stored here directly affects the owner 1099 Reconciliation Report. You can view and edit these records after the 1099 file is created.

If the records on this window are edited, the changes will be lost if the 1099s are re-created.

Any changes made on this window will not affect the state or federal 1099. Therefore, you will need reproduce the same changes on both the "Update 1099 File" and "Update State 1099" windows if those also need to be affected.

NAVIGATION: When browsing between records, be sure to use the lookup list in the toolbar. Changing the owner in the ID field will not take you to a different record but will assign the visible interest to the owner you select. This is changing the information on the current record instead of navigating to a different one. Be sure to use the navigational tools provided in the toolbar to prevent mistakes. Once the proper record is selected you can then make adjustments to it.

Most of the fields on this window are the same as the update 1099 window. You can refer to that window for each field not mentioned below.

Owner Type
This references the type of interest this record represents. Both override and royalty interests will report as a "Royalty" in this field.

Well ID
Indicates the well ID of the well this portion of the owners 1099 was for.

Well Name
The name of the well this portion of the owners 1099 was for.

Rents
Rents are not shown on this window because the software does not track rents by well.