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prosolco
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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?

 
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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. 

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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. 

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