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Get your taxes done using TurboTax
Purchasing goods from a reseller doesn't require a 1099 to be sent out. It is likely your customer has you set up in their system as a consultant with 1099 tracking turned on so it reported all amounts paid to you regardless of what the funds were for.
You should be reporting your total income as Gross Receipts for your LLC and then deducting the cost of goods sold as a deduction to that income. You do not need to report each 1099-NEC separately. You can add them together, or more accurately, total your receipts from your bookkeeping method, and enter Self-Employed Income into TurboTax.
To eliminate any 1099-NEC forms you have entered you can follow these steps:
- Within the Federal portion of your tax return in TurboTax Online go to the Income & Expenses section
- Click Edit/Add for your 1099-MISC
- Click Delete and confirm it
- Click Done to go back to your Income & Expenses
To enter the total of your income as self-employed income you can use the "received just cash" method here How do I report income from self-employment?
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