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Investors & landlords
why type of company because you are using self-employed?
a guess would be that you are either a partner/multi-member of an LLC or self-employed.
a partnership/multimember LLC needs to file a partnership return. the income/loss prorated among the partners. it's reported on a K-1 which then must be entered into their personal returns.
if you are self-employed, it's the 1099-NEC's that the business receives that can be entered along with any income not so reported. you use schedule C to report the business's income and expenses on your personal return.
May 20, 2021
11:07 AM