The Print 1099 function is simply retrieving the information found within each Vendor. You can see the YTD 1099 amount by Editing/Viewing a vendor and looking at the bottom of the Statistics screen (second tab).

When the Print 1099 forms function is run, you are then asked if you want to clear the information. If it is not cleared, it will simply continue to accumulate until it is cleared. Perhaps at the end of last year, the 1099 information was not cleared.

The YTD 1099 values must be correct for the report to print the desired vendor amounts. If necessary, you can edit the YTD 1099 field to coincide with the required 2004 amounts.