My wife and I are partners in an LLC that we started in 2022. We have yet to file the 1065 (but will do so soon) and we issued K-1s to ourselves as a result of the work and distributions occurring in 2022.
My wife did some consulting work through the LLC and the company she consulted for sent her a 1099-NEC for the work. I'm worried that filing both the K-1 and 1099-NEC on our return will result in us getting double-taxed on the amount. Would love advice on what to do here. Thanks!
