SwapnaM
Employee Tax Expert

Business & farm

Are you a Single member LLC? If yes, then it does not matter if you receive a 1099-NEC in your personal name. You can enter both under the same SCH C or your business.

 

If yours is not a single-member LLC, then you should first be filing your business return as appropriate (C-Corp, S-Corp, Partnership, etc.) and then report your portion of the LLC earnings on your personal return via the K-1 issued to you by the LLC.

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