I own an apartment house where I live. I have 5 units I rent out. One of the units has been under renovation. Last year I hired and paid a LLC to help with restoration of that unit. The bill was over $20K.
I filed my S Corp return already and did not include that and am now doing my personal return and I just saw a question TT asked and realized maybe I should have issued that LLC a 1099-NEC for that $20K. Or do I as the sole shareholder who reports the loss of that S corp. send it out to them?
I've never had to do this before so not sure how it works. I can amend my S Corp. if needed. The return was already accepted but I had another amendment I was going to file.
Thanks for any advice.
