Therefore the software licensing agreements should be considered as reportable income in box-2 of IRS form 1099-MISC. A $10 minimum as special is considered in this regard as a threshold as applicable to royalty penalties.

Do you issue a 1099 for equipment purchases?

No. You do not have to send a 1099-MISC for the purchase of Equipment, only for the purchase of services.

What is a 1099 reportable supplier?

A 1099 supplier is a supplier that you have defined as Federally Reportable in the Suppliers window. You should run the 1099 Supplier Exceptions Report before you submit your 1099 reports to identify suppliers that Payables will treat as exceptions in your 1099 reports.