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Business & farm
@TMTech99 wrote:Where would you indicate that proceeds as nominee for the LLC?
You can enter the proceeds as Other Expenses and indicate the amount on Line 1 of Schedule C that was received as nominee for the LLC.
Note that you need to file a tax reporting statement (1099) with the IRS and issue a copy to the LLC as well.
March 22, 2020
10:24 AM