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
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
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
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.