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Level 1
posted Oct 3, 2022 11:32:36 AM

FORM 1096

Does a single member LLC file a 1096 if it is going to distribute 1099-nec or should they just add it to the schedule c on contractors.

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1 Best answer
Level 15
Oct 3, 2022 11:42:08 AM

See https://www.irs.gov/forms-pubs/about-form-1096

 

Form 1096 is the annual summary and transmittal form for certain information returns (such as 1099-NEC).

 

Also, your profile indicates you are using TurboTax Business which is not used to file a return for a single-member LLC unless there has been an election to be treated as a corporation for federal income tax purposes.

2 Replies
Level 15
Oct 3, 2022 11:42:08 AM

See https://www.irs.gov/forms-pubs/about-form-1096

 

Form 1096 is the annual summary and transmittal form for certain information returns (such as 1099-NEC).

 

Also, your profile indicates you are using TurboTax Business which is not used to file a return for a single-member LLC unless there has been an election to be treated as a corporation for federal income tax purposes.

Level 1
Oct 3, 2022 12:06:03 PM

I'm using pro series and I was confused when someone asked me this.