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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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.
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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