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Owner's Draw from an LLC
I am a W2 employee but I set up an LLC for doing moonlighting within my field of work (anesthesia). The LLC has been used scarcely (twice) and I am the sole owner of the LLC. I have transferred those monies from the LLC account to my personal account (I guess that would be considered an owner's draw?).
Now that it is tax season, I don't know what type of reporting I need to do from the LLC itself. From what I have read, don’t have to issue myself a 1099NEC - is this correct? If so, do I do ANYTHING for the LLC?
Thanks
a month ago