in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
LLC has just one owner, but I can't see where I can change the info on the 1099. I think TurboTax asked the question during the beginning but I can't get back to it.
You'll need to sign in or create an account to connect with an expert.
No, you will not need to amend your return related to this EIN on your LLC's 1099-MISC.
Since your LLC is considered a disregarded entity for federal income tax purposes, you will report this 1099-MISC income on Schedule C under your SSN. The IRS knows that disregarded LLC's income and expense amounts will be reported this way so having an EIN for the LLC on your 1099-MISC will not be an issue.
Just keep a copy of your 1099-MISC with your tax files for future reference.
No, you will not need to amend your return related to this EIN on your LLC's 1099-MISC.
Since your LLC is considered a disregarded entity for federal income tax purposes, you will report this 1099-MISC income on Schedule C under your SSN. The IRS knows that disregarded LLC's income and expense amounts will be reported this way so having an EIN for the LLC on your 1099-MISC will not be an issue.
Just keep a copy of your 1099-MISC with your tax files for future reference.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17626154175
Level 1
in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
Jessica1894
Level 1
in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
HollyP
Employee Tax Expert
user17629581143
Level 1
in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
user17629581143
Level 1
in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing