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Can a single member llc issue a 1099-nec to their spouse?
I have a single member LLC. My wife and I are both in the same profession. (Real Estate Brokers) Here license is under mine. In general real estate brokers/agents are treaed as subcontractors. For tax purposes, am I correct that I can treat her as any other agent (independent contractor) and issue her a 1099-NEC? We both have filed separate Sch-C's for well over 10 years.
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‎December 25, 2020
7:43 AM