: Does a "Vendor credit note" affect reporting on a 1099 form? Say I have paid 000 to my vendor, then my vendor gives me a Vendor Credit note for 00. When I issue a 1099 form, in the non employee compensation (Box 7),

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Does a "Vendor credit note" affect reporting on a 1099 form?
Say I have paid 000 to my vendor, then my vendor gives me a Vendor Credit note for 00. When I issue a 1099 form, in the non employee compensation (Box 7), do I need to include subtract the debit note when calculating the total?

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@AlvinPetty

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Depends on the reason you were issued the credit -- rebates aren't income, remuneration for value you provide to them is. In other words, exactly the same as it they gave you money.

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: Does a "Vendor credit note" affect reporting on a 1099 form? Say I have paid 000 to my vendor, then my vendor gives me a Vendor Credit note for 00. When I issue a 1099 form, in the non employee compensation (Box 7),

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