topic 1099-K Incorrectly issued to me personally instead of the business in Get your taxes done using TurboTax

1099-K Incorrectly issued to me personally instead of the business

Anonymous — Mon, 23 Feb 2026 10:35:05 GMT

A payment processing firm issued a 1099-K to me personally, and my personally SSN, even though the single-member LLC, EIN, was setup in the system and was the entity that received the funds. They are refusing to correct the 1099-K.

With that in mind, do I now need to legally issue a 1099 from me personally to the business to removed the 1099-K issued to my personal SSN and show the income to the business EIN?

Re: 1099-K Incorrectly issued to me personally instead of the business

Hal_Al — Sat, 21 Jan 2023 14:09:15 GMT

Q. With that in mind, do I now need to legally issue a 1099 from me personally to the business to removed the 1099-K issued to my personal SSN and show the income to the business EIN?

A. No.

A single member LLC is a Pass Thru Entity. All income is reported on Schedule C. It doesn't matter whether the payment processing firm issued the 1099-K in your SS# or the EIN.

Re: 1099-K Incorrectly issued to me personally instead of the business

Anonymous — Sun, 22 Jan 2023 20:22:54 GMT

Thank you, and I understand what you’re saying. However, I have two companies, both are single member LLC’s. The issue is for SEP IRA contributions, each company has the reported income. So are you saying I just report the 1099-K on the Schedule C for company that actually received the income and ignore having to create a SCH C with my personal SSN?

Also, I don’t want a notice from the IRS when they recognize no reported SCH C with my SSN and just two with EINs.

Re: 1099-K Incorrectly issued to me personally instead of the business

Hal_Al — Sun, 22 Jan 2023 21:46:39 GMT

You enter both your SS# and the LLC EIN (on line D) on the Schedule C for that company. TurboTax will provide the entry screens.

Re: 1099-K Incorrectly issued to me personally instead of the business

dmertz — Mon, 23 Jan 2023 00:17:34 GMT

More correctly, a single-member LLC that has not elected to be an S-corp is a disregarded entity, not a pass-through entity. As a disregarded entity, anything paid to the LLC is treated no differently than a payment made to you personally. TurboTax will combine the amount from your two Schedules C to determine the amount on which your SEP contribution is calculated.