We became an LLC partnership early in the year. But some of the 1099-MISC sent to us are under our old EIN, or our SS. What should I do about these 1099s?

[JenBW0]

We were a husband and wife business that became an LLC partnership in April of this year.

[Rick19744 · Accepted solution]

If you are not able to get the 1099's reissued correctly you can do the following:

1. Report the entire amount of the 1099 on the return that is associated with the TIN; assume that this is your personal return Schedule C.
2. You will then determine the correct income allocation.
3. You will then adjust each return accordingly; reflect as an expense on the return that reports all the income, and then report the income on the other return.