How to void a 1099
Go to the payee in error.
Change the amounts to zero and save.
If this payee has been e-filed, then Mag-Filer will ask if you are planning to file a correction. Click Yes.
The program will remind you to Re-print the form for the recipient and send your e-file when you are done with your corrections.
You should now see the corrected radio button is select and the E-file check box is unchecked.
Create a correction E-file making sure to select ‘Corrected/2nd’.
On the IRS fire site make sure to select ‘Correction’ as the file type.