My wife and I have a multi-member LLC and we filed a 1065 for the business and issued K1 forms. Included in the business income was money reported on a 1099-NEC but to my wife's ssn. Now I'm looking at reporting this as nominee income as explained in your post, but I'm a bit confused on what to put on the new 1099. Let's say the 1099-NEC had income of $1000 to my wife's SSN, but it was recorded on the 1065 as profit. Does she fill out a 1099-NEC as the nominee and the recipient is the LLC?
