BrokerChamp
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1099 Report Generation

Creating 1099 tax forms for agents and independent contractors based on commission payments.

Accessing 1099 Reports

The 1099 report generates tax form data for all agents and independent contractors who received commission payments during a tax year. This report is essential for year-end tax reporting and must be provided to recipients and the IRS. The report includes all necessary information for completing Form 1099-NEC or Form 1099-MISC.

Step 1: Navigate to Dashboard > Admin > Reporting
Step 2: Click on "1099 Report" or "1099 Data Report"
Step 3: Select the tax year from the dropdown (defaults to previous year if before May)
Step 4: Review the report data for accuracy
  • Name: Agent's full legal name
  • License Number: Real estate license number
  • D.B.A.: "Doing Business As" name if applicable
  • Social Security Number: Required for individuals (encrypted in database)
  • Tax ID: Required for businesses/entities (EIN)
  • Address: Complete mailing address (street, city, state, zip)
  • Total Received: Total commission payments for the tax year
Step 1: Export the data to CSV for your CPA or tax software

What is Included in 1099 Reports

The 1099 report includes all agents who received commission payments during the selected tax year. For each agent, the report shows their name, license number, DBA (if applicable), Social Security Number or Tax ID, address information, and total amount received. The total includes agent take, commission advances, child support amounts, referral bonuses, and company payout bonuses.

Required Information

Data Validation

The report highlights missing or incomplete information with red background colors. Missing SSN/Tax ID or address information will prevent proper 1099 filing. Before exporting, ensure all agents have complete profile information. Click on agent names to access their profiles and update missing information.

Year Selection

The report defaults to the previous tax year if accessed before May (to allow time for year-end processing). After May, it defaults to the current year. Select the appropriate tax year from the dropdown to generate reports for any year with transaction data. Only closed transactions from the selected year are included.

Security Features

Social Security Numbers and Tax IDs are blurred by default for security. Use the toggle switch to reveal these sensitive values when needed. SSNs are stored encrypted in the database and are decrypted only when generating the report. Always handle 1099 data with appropriate security measures.

Exporting 1099 Data

Click "Export this data" to download a CSV file containing all 1099 information. The export file is named with your company name and year (e.g., "company_name_2024_1099_report.csv"). The CSV format is compatible with most tax software and accounting systems. Before exporting, verify all compensation totals in the Agent Report page for accuracy.

Duplicate Name Warnings

The report flags duplicate agent names with a warning badge. This helps identify potential data issues where the same person may be listed multiple times with different license numbers or slight name variations. Review duplicates carefully to ensure accurate 1099 reporting.

Only agents with license numbers are included in 1099 reports. Agents without license numbers will not appear, even if they received payments. Ensure all agents have license numbers in their profiles before generating 1099 reports.

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Examples
Sample 1099 Report Data

Example 1099 report data for tax year 2024: Agent: John Smith - Type: Agent - License: TX-123456 - D.B.A.: Smith Realty Group - SSN: ***-**-1234 (encrypted) - Address: 123 Main St, Austin, TX 78701 - Total Received: $45,250.00 Agent: Jane Doe - Type: Agent - License: TX-789012 - D.B.A.: (blank) - SSN: ***-**-5678 (encrypted) - Address: 456 Oak Ave, Dallas, TX 75201 - Total Received: $28,500.00 Note: The report includes all commission components (agent take, advances, referral bonuses) for each agent. Missing SSN or address information would be highlighted in red for correction before export.