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My 1099-K shows a different state than where I reside

I operate an e-commerce business as a single member LLC. My LLC is registered in Illinois, but I live in Iowa.

 

Shopify sent me a 1099-K that was issued to my LLC (not my personal name & address), so it lists my business address on the return and state of IL in box 6.

 

Does this need to be corrected? I lived in Iowa the entire year of 2023 and operated the business from my home in Iowa, so I assume because a single member LLC is a pass-through entity than I would pay the state income taxes to Iowa.

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1 Reply
DianeW777
Expert Alumni

My 1099-K shows a different state than where I reside

No, it doesn't need to be corrected. You can correct it for next year if you choose.  You simply enter the income directly on your return and file it with your resident state as usual since you are a single member limited liability company (SMLLC) and all of your work physically took place in Iowa (IA).

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