@Mirai wrote:
I haven't met with an accountant yet
it seems I cannot split a single 1099 into two different filings for my individual and also the S corp?
So it would be better to just change the filing status to align with the new tax year/calendar year?
The first thing you should do is meet with a GOOD tax professional about the S-election. Despite what TikTok and random websites say, the S-election is NOT always a good fit.
If the tax professional does not discuss the additional costs and the effects on your potential Social Security benefits, find another tax professional.
The 1099 doesn't matter. Just keep track of the income.
In many/most cases, yes, an election to correspond with the beginning of a tax year is often best. But you can discuss that with your tax professional.
