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I received 1099's-NEC with my SSN. I incorporated in 2020 and reported my income on my 1120S. Where can I input "less amount received as nominee"?

 
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DavidD66
Expert Alumni

I received 1099's-NEC with my SSN. I incorporated in 2020 and reported my income on my 1120S. Where can I input "less amount received as nominee"?

You can report the 1099-NEC on your personal tax return, and then create a Miscellaneous Business Expense on Schedule C for the same amount to zero out the income.  Your 1099-NEC will then be reported with no tax impact.

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