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Last season we received a K1, then my husband became sole owner. We received a 1099MISC with the company's name. Do I input it as though it has his name? Do we need a K1?
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June 6, 2019
12:22 PM
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June 06, 2019
12:22 PM


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Last season we received a K1, then my husband became sole owner. We received a 1099MISC with the company's name. Do I input it as though it has his name? Do we need a K1?
If your LLC has become a single-member LLC with your husband as the sole member, it is considered as a disregarded entity.
You report all income and expenses of the LLC on Schedule C of your joint return. You enter the form 1099-MISC issued to the LLC as though it was in his name. You'll not need a form K-1.
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June 6, 2019
12:22 PM
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Last season we received a K1, then my husband became sole owner. We received a 1099MISC with the company's name. Do I input it as though it has his name? Do we need a K1?
If your LLC has become a single-member LLC with your husband as the sole member, it is considered as a disregarded entity.
You report all income and expenses of the LLC on Schedule C of your joint return. You enter the form 1099-MISC issued to the LLC as though it was in his name. You'll not need a form K-1.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
June 6, 2019
12:22 PM
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Last season we received a K1, then my husband became sole owner. We received a 1099MISC with the company's name. Do I input it as though it has his name? Do we need a K1?
Thank you!
June 6, 2019
12:22 PM
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