For a plan I work on, there are several 1099's that were produced for normal distributions taken.
I also have several other participants that will need 1099's filed related to their PS 58 Cost.
Side note - I am not that familiar with the 1099 process. I believe that there is a 1096 that would be provided which would be a total of the 1099's produced.
My question is: Since I have 1099's for 2 different reasons (dist's & PS 58 cost), will I need to submit separate 1096's, or can I just combine them?
From what I hear, this could be a big issue if done incorrectly.
Thanks in advance!