Filing 1099 with Business EIN in Personal Tax Return

[cddennis]

Good morning,

I own a single-member LLC. I filed for an EIN as a disregarded entity. I do some work under my personal name and TIN, and some work under the business name and EIN. I expect to receive 1099s for each. Can I file the 1099 w/business EIN in my personal tax return, or do I need to file a separate return for that income? Your assistance is greatly appreciated.

Respectfully

Chris D.

[Irene2805]

Yes, you can include the 1099s with your business EIN in your personal return.  If it's a different type of work than the 1099s with your personal TIN you should create a second Schedule C.

[cddennis · Accepted solution]

Thank you!

[RobertJ63]

I have a similar situation.  I received 1099 NECs in my business EIN, and some in my personal TIN for the same business.  I am also a sole member LLC, disregarded entity, using TT Home and Business.   Can I combine my person 1099 NEC forms issued with my SSN in the same income area for my business?  

In addition, I am also a W-2 Statutory employee for a financial svcs company that has a different reporting code than my owned business.  I assume I should create a separate Schedule C for that income?

Thanks in advance!

[MaryK4]

Yes, if the 1099-NECs have your social security number and LLC EIN you can include on one Schedule C if it is the same business activity.  Nontax note: You may want to have all your 1099-NEC in your LLC name.  By using both personal and LLC you may lose some of the protection the LLC provides.  

Yes, you will have to create a separate Schedule C for statutory employee income.  If you had both self-employment income and statutory employee income, you must file two Schedules C. You cannot combine these amounts on a single Schedule C.

@RobertJ63