I have a client that changed from a sole proprietorship to an LLC mid-year. Do I issue two 1099s? Or do I just issue one to the LLC since that is their current business structure? Not sure if it matters, but I manage a rental property for them and pay them rent I collect on their behalf monthly.
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It does not matter that much. If they are a single member LLC, it is likely still a disregarded entity. This means they are still using their SSN as their tax ID with the IRS. So you can issue one 1099 to the LLC.
Thank you! I suspected I was overthinking it...
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