topic Re: My LLC received a 1099 from an organization that is a customer. in Self employed

My LLC received a 1099 from an organization that is a customer.

kokomoseven — Wed, 11 Feb 2026 10:18:19 GMT

My LLC received a 1099 NEC from an organization that is a customer. I used those funds directly to purchase a service for them. How do I figure that on my taxes? Enter it in on the business expense section? Any help is appreciated! The amount was about $30,000.

Re: My LLC received a 1099 from an organization that is a customer.

VolvoGirl — Tue, 20 Aug 2024 17:23:36 GMT

Are you filing schedule C in your personal tax return for your LLC? Why did they give you a 1099NEC? Did they pay you for something? A 1099NEC is for Income. So you need to include it in your gross income and then you enter all your expenses separately in the expense section. It will be 2 separate transactions.

Re: My LLC received a 1099 from an organization that is a customer.

kokomoseven — Tue, 20 Aug 2024 18:51:29 GMT

Yes I have a schedule C. They paid me for airline tickets. They sent me the money and then I sent it to the airlines for payment.

Re: My LLC received a 1099 from an organization that is a customer.

VolvoGirl — Tue, 20 Aug 2024 19:08:58 GMT

Then you have to enter it as income. Then you enter all your actual expenses including what you paid for the tickets. It will be a wash and offset the income.