Then yes, it is in the correct spot.
1099's are issued in January of the following year. So, you will need to issue the 1099 this month when you do your taxes. I am assuming you are using TurboTax Home and Business or Self-Employed. Both of these programs will ask you if you paid over $600 to anyone and then will help you fill out and issue the 1099.
Keep the cancelled check and that along with the 1099 will not cause any red flags to be raised.
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