311138
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

prosolco
New Member

Does an LLC need to report a 1099-K received from a Merchant separately if the sales are already included in gross sales for the company?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
RichardK
New Member

Does an LLC need to report a 1099-K received from a Merchant separately if the sales are already included in gross sales for the company?

No, the receipts from the 1099-K are included with other similar LLC income. 

View solution in original post

1 Reply
RichardK
New Member

Does an LLC need to report a 1099-K received from a Merchant separately if the sales are already included in gross sales for the company?

No, the receipts from the 1099-K are included with other similar LLC income. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question