While filing 1099-MISC, there is a option at the final check asking one of the following option: No entry, 1099 Reqd Yes or 1099 Reqd No. Which one should I select?

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While filing 1099-MISC, there is a option at the final check asking one of the following option: No entry, 1099 Reqd Yes or 1099 Reqd No. Which one should I select?

If your business is not required to issue 1099 forms to its vendors, select NO. Select yes if your business does issue out 1099-misc forms.

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