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Business income reported on 1099 NEC

I run a small LLC and do work as a third party.  I reported the income in the business income section.  This income was reported on a 1099 NEC with the business name as the recipient.  Do I also enter this in the personal section Other Income, Income form 1099 NEC?

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Accepted Solutions
Vanessa A
Employee Tax Expert

Business income reported on 1099 NEC

No.  You will only enter the 1099-NEC one time.

 

  Also be sure if you track all the income together, that when you report the rest of your income you remove the income on the 1099-NEC from the rest that you enter so you are not double taxed.

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1 Reply
Vanessa A
Employee Tax Expert

Business income reported on 1099 NEC

No.  You will only enter the 1099-NEC one time.

 

  Also be sure if you track all the income together, that when you report the rest of your income you remove the income on the 1099-NEC from the rest that you enter so you are not double taxed.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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