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Typically, a single member LLC which is elected to maintain S-Corp status does not require to receive 1099NEC's for the work they do. If the business that you set up on August 8th is the same business like you had up until now, (business contracting which you were receiving 1099NEC's), then you would record all the income up until August 8th on your personal tax return just as you have done in the past. From Aug 8 and further, you would pick up the income on the newly formed single member LLC. Your self contractor job is in essence your business income from August 8 and that would be reported on your business return.  

 

[Edited 01/21/2024|3:00 pm PST]

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