- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
If the 1099-NEC was issued to your LLC, the income needs to be added as income on your S-Corp return, Form 1120-S. The amount of the W2s that you issued will need to be included in your 1120-S as an expense. Your W2 amount will need to be reported as compensation of officers and the other W2s as salaries and wages.
March 11, 2024
9:17 AM