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I sold a flip property in my personal name. I have a real estate business - does not file taxes. Should I issue my 1099 NEC to contractors in personal name or business

 
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1 Reply
pk
Level 15
Level 15

I sold a flip property in my personal name. I have a real estate business - does not file taxes. Should I issue my 1099 NEC to contractors in personal name or business

@CookFamilySC , if you are trying assure a separation of personal vs entity, then all your personal transactions including issuance of 1099-NECs should be under personal account.  Else you will be co-mingling financials and probably puncture the LLC protection.

 

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