Hello:
I received a payment from Amazon that should have gone to my LLC, but it went to me on a 1099-MISC as Royalties and the form has my name and Social Security number. I already filed my LLC tax forms but I included the income on the 1099-MISC I received in anticipation -- from what I have read -- that is where it belongs.
I followed the instructions on my personal filing -- which I have yet to submit -- saying "LLC Income from (payer's EIN)" with the stated amount and then added the other entry saying "Nominee Income to (LL's EIN)" under Turbotax's Less Common Income tab under Miscellaneous Income, 1099-A, 1099-C line item.
I am hoping that is OK. If not please let me know, but the other thing is... Do I need to add the 1099-MISC itself as an entry at all? How can the IRS track an Amazon payment to a company with any certainty? It seems like something is missing.
The LLC generated K1s to me that I am also including in my personal return.
Thanks so much for your time and attention. I hope you can help.
