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erin32
New Member

For a 1065 (llc partnership). I recieved a 1099-k. all the money is accounted for in my bookeeping. do i need to enter the 1099-k anywhere?

I'm working on my 1065 for my llc partnership. I have a 1099-k and a 1099-NEC. The amounts for both of these are already accounted for in my bookeeping. Do I need to enter these?
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PatriciaV
Employee Tax Expert

For a 1065 (llc partnership). I recieved a 1099-k. all the money is accounted for in my bookeeping. do i need to enter the 1099-k anywhere?

No. As long as you reported as least as much income as is reported on the 1099 forms, you have met the IRS requirements. Form 1065 doesn't report how the income was reported to your business.

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