Hello,
We have an LLC that owns a vacation property that we rent out part of the year.
Our property manager, who handles the rents, sent us a 1099-NEC this year instead of a 1099-MISC. But Turbo Tax only wants a 1099-MISC to post income for the LLC. It takes the 1099-NEC amount and posts it to personal income, which it is not.
Should we have received a 1099-MISC instead of a 1099-NEC? If so, what's the best way to proceed? If not, what is the best way to enter the 1099-NEC into TT?
Thank you.
