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arpoc926
New Member

If my business is a pass-through entity, does my 1099 income from before I filed my llc count toward my businesses' income if it was in the same tax year?

I earned quite a bit in 1099 income in January, but my single-member LLC filling didn't go through until February.  Do I consider that business income or not?
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Accepted Solutions
Rick19744
Level 12

If my business is a pass-through entity, does my 1099 income from before I filed my llc count toward my businesses' income if it was in the same tax year?

Yes.  A single memberLLC is by default a disregarded entity and is treated just like your sole proprietorship.  You can include both of these on the same Schedule C.

*A reminder that posts in a forum such as this do not constitute tax advice.*

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1 Reply
Rick19744
Level 12

If my business is a pass-through entity, does my 1099 income from before I filed my llc count toward my businesses' income if it was in the same tax year?

Yes.  A single memberLLC is by default a disregarded entity and is treated just like your sole proprietorship.  You can include both of these on the same Schedule C.

*A reminder that posts in a forum such as this do not constitute tax advice.*
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