Since you are a single member LLC (SMLLC) you will add both 1099-Bs on your personal return as a sole proprietor. If you want to be sure the income is tracked for IRS purposes you can use the nominee process to move the one under your EIN to your social security number (SSN). Follow the steps below.
Nominee returns.
Generally, if you receive a Form 1099 for amounts that actually belong to another person or entity, you are considered a nominee recipient. You must file a Form 1099 with the IRS (the same type of Form 1099 you received). You must also furnish a Form 1099 to each of the other owners.
File the new Form 1099 with Form 1096 (this is a transmittal for the 1099) by mailing to the Internal Revenue Service Center for your area. (Provided on the Form 1096)
- On each new Form 1099, list your LLC as the payer and the you as the recipient. On Form 1096, list your LLC as the nominee filer, not the original payer. The nominee is responsible for filing the subsequent Forms 1099 to show the amount allocable to each owner (you in this case).
The forms filed with the IRS should be the red copy so if you don't have a color printer, go to the IRS website and order the forms:
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