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Business & farm
Maybe I'm missing something, but this does seem to create issues within TurboTax itself.
The situation as I understand it, is that we should use a personal EIN for W9 purposes (money coming in), and the LLC's EIN for payments to my employees/contractors (money going out).
But TurboTax doesn't seem to have a way to differentiate these two. If I want TurboTax to prepare a 1099-NEC for my contractor, TurboTax needs an EIN. But then it puts that *same* EIN on my Schedule C when preparing my tax return. If I change it on one, it changes it on *both*.
‎September 16, 2024
2:11 PM