Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
nmraider22
New Member

I formed a single member LLC. How do I input 1099-Misc for my LLC tax id?

 
1 Best answer

Accepted Solutions
DS30
New Member

I formed a single member LLC. How do I input 1099-Misc for my LLC tax id?

Just input the 1099-MISC as business income under Schedule C (or Schedule E if this is a rental property LLC) for this LLC.

The fact that the 1099-MISC is under the LLC's EIN will not affect the reporting of this income as a disregarded entity on your personal income tax return. (The IRS will be aware that the LLC is being reported as a disregarded entity.)

View solution in original post

1 Reply
DS30
New Member

I formed a single member LLC. How do I input 1099-Misc for my LLC tax id?

Just input the 1099-MISC as business income under Schedule C (or Schedule E if this is a rental property LLC) for this LLC.

The fact that the 1099-MISC is under the LLC's EIN will not affect the reporting of this income as a disregarded entity on your personal income tax return. (The IRS will be aware that the LLC is being reported as a disregarded entity.)

Dynamic AdsDynamic Ads
Privacy Settings
v