Hey, if i paid myself with my small business, do i have to issue myself a 1099?

i'm a musician, my band is the business

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No, as a sole proprietor or Single Member LLC, you should not issue yourself a 1099 or W-2 to draw from your own business account.

Further, there is no deduction to be made

3 Replies

No, as a sole proprietor or Single Member LLC, you should not issue yourself a 1099 or W-2 to draw from your own business account.

Further, there is no deduction to be made

so even if we're only a partnership?

Are you a multi member LLC?

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