What if a vendor’s payments were aggregated in a previous quarter and then the vendor received a payment of more than $25,000 during the current reporting quarter?
Continue reporting the amounts aggregated in the previous quarter with any additional aggregated payments of less than $25,000 in the current quarter and list of payments of $25,000 or more for the current quarter in the VENDOR TAB. Example 3: Vendor A receives one payment of $5,000 in Q1, one payment of $5,000 in Q2, and one payment of $25,000 in Q2. For the Q2 reporting period, the recipient reports the $25,000 payment separately in the VENDOR TAB and includes the $10,000 as a cumulative aggregation in the PRIME RECIPIENT TAB.
