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1099 NEC and S Corp

If I received a 1099 NEC to my SSN, and I also have S Corp EIN. Can I report the 1099 NEC income for my S Corp? (Or Do I have to receive 1099 to my S Corp EIN?) If the answer is yes, do I need to report 1099 NEC again for my Home&Business income? BTW, I am the only employee in the S Corp

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2 Replies
ColeenD3
Expert Alumni

1099 NEC and S Corp

 

 

You would report the income to a Schedule C. As an "other expense" you can report it as nominee income to the S-Corp. In this way, the IRS can see that you did report it as they would expect, but that the income did not belong to you but to the corporation.

 

 

1099 NEC and S Corp

was the NEC for services performed by you as an employee of the S-corp for the issuer.  if yes follow the expert's advice. 

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