- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Nominee middleman returns
A 1099 misc. (box 6) was incorrectly assigned to my Social instead of my S-Corp's FEIN. The issuer refuses to correct this error. I filed a 1099 nominee/middleman form transferring this income to the Corporation. The Corporation's 1120S reflected this revenue and issued a K-1 accordingly.
How do I document the nominee/middleman event on my 1040? Do I need to file a Schedule C when no real business entity of that nature existed? Turbo tax software (and probably the IRS) does not enable an "individual" entity to issue 1099s?
Topics:
‎June 5, 2019
5:31 PM