Entering 1099-S Vouchers (Property/Real Estate)

Overview

This procedure is a guide for recording Property/Real Estate Closing Date and Description on the 1099-S Property Information page. Most of the information on the 1099-S Property Information page is populated by the voucher, which used a 1099-S Account Code. The following are examples of 1099-S Account Codes.

Account Code	Description
574085	ACTVTY RELTD REVIEW APPRAISAL
574016	APPROPRIATION AGREEMENT
574014	APPROPRIATION FEE TITLE
574019	APPROPRIATION R/W OTHERS
574009	EXCESS LAND REMNANT
574008	EXCESS LANDS
574001	FEE TITLE
570100	LAND PURCHASES AND LAND IMPROV
574012	PURCHASE OF WARRANTY DEED
574010	RAILROAD RIGHT-OF-WAY FEDS

Click here for assistance with accessing the OAKS FIN AP Module.

Steps

myOhio.gov > OAKS FIN > Main Menu > Accounts Payable > Vouchers > Add/Update > 1099-S Property Information

Enter your agency code in the Business Unit field.
Click Search.
- The 1099-S Information Business Unit page displays.
Enter the Closing Date for the desired record in mm/dd/yy format.
- The Closing Date and Description you provide will be pulled into the 1099 extract file that will be used by OBM for reporting 1099-S.
Enter the street address (i.e., 245 E 2nd Ave) in the Description field.
- Enter the Property description without any commas in the Description field. e.g. acres.
Verify that the Status is Active.
Click Save.
- Once it has been saved, the data displayed on the 1099-S Property Information page will not be purged or deleted if the voucher is closed/deleted/changed to a non-1099-S account.