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ggilbert1
New Member

I have a 1099 issued in my sole proprietor LLC. Where do I enter that income on turbo tax; in the 1099 MISC section?

I have a new LLC I formed for my real estate business in 2018. It is a sole proprietor S Corp LLC. I received two 1099 MISC's from two different agencies.  Where do I enter the income?

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2 Replies

I have a 1099 issued in my sole proprietor LLC. Where do I enter that income on turbo tax; in the 1099 MISC section?

You need to prepare the S corp return.  Turbo Tax Business  is not available to do online or on a Mac.  You can buy the Window's version here.  And you can have both TT Business and TT Home & Business (or any personal version) installed on  your computer at the same time.

https://turbotax.intuit.com/small-business-taxes 

Anita01
New Member

I have a 1099 issued in my sole proprietor LLC. Where do I enter that income on turbo tax; in the 1099 MISC section?

If you need to report income received by an S Corp, you need to file an S Corp tax retrun.  You have to use TurboTax for Business in order to do that, not a program for individual taxes.  When you file the S Corp return, you 'll also be preparing the k-1 for each shareholder.  The k-1 is what you enter in your personal return and that's the only information about your S Corp that you need.

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