Do I issue Myself a 1099 as Sole Member of my LLC or Add Checks Deposited into Biz Chk Acct?

[slarock]

I'm a newly formed RE Brokerage (sole member LLC, Taxed as an S-Corp) -

Was I supposed to issue myself a 1099 for all income deposited into my LLC's biz checking acct in Jan? 

If not, how do I enter/attest to 'Business Income' for the Corporate Business Return that creates a K-1? 

Can I just run a 'credits report' for my time in business this year, from my Biz Chk Acct? 

FYI: I have myself set up on PAYROLL from the same LLC and I receive a W-2 for my PERSONAL return. 

[M-MTax]

You wouldn't have to issue a 1099 to yourself for a deposit.

[slarock]

Thanks for your response. 

I did some reading up on another site that answered it very clearly. 

I added my Business Checking Acct CREDITS since being a Real Estate Broker I don't have 1,000 credits! So I was able to finish that part up today.. actually all of it UNTIL.. 

I'm now stuck on 

HOW / WHERE TO ENTER VEHICLE DEPRECIATION - the bonus $8k + $12,200? (Just bought my new car in Oct. '23)  I'm lost till they open Monday so I can call?? 

Unless anyone knows? 

[slarock]

Thank you! I figured out that I simply add total credits into my checking acct as that is proof of my compensation throughout the year. Since I'm receiving payments directly from my clients now, in lieu of the full payment going to my old real estate broker, then (as a 'sales associate') I received my 'cut' in the form of a check - I'd then deposit into my old PLLC.. and pay myself via payroll. 

I still have myself being paid via payroll, yet as the Broker of my own real estate brokerage, and all payments coming to the brokerage directly + being the only 'member' of a new LLC & only 'employee' of the company (there are no producing agents under my license - yet) - the proof of income is no longer a 1099 statement from my broker .. it's my 'biz checking acct' year end statement showing deposits made to the brokerage. 

Got it.. Thank you again..