rjs
Level 15
Level 15

Retirement tax questions


@djlex2 wrote:

I have 1099s tied to my social security and 1099s tied to my business TIN.  This is the first time TurboTax is attempting to tie my SS based 1099s to my business TIN.  This is the first time ever in decades of using TT that it's attempted to do that.  Does that sound right?


Yes, it sounds right. As I said above, if your business TIN is for a sole proprietorship or a single-member LLC, it makes no difference whether a 1099-NEC is issued to your Social Security number or to your business TIN. It's all business income to you.

 

Form 1099-NEC has only been in use for a few years, not decades, so whatever TurboTax does with it is obviously somewhat new.


Your business TIN is an EIN.