If I own an LLC, but I paid myself as a contract worker (on a per-project basis, it was over $600), do I have to file a 1099 for myself?

[cheratomo]

I deducted the amount I earned from the LLC, but included it under the appropriate business's income (my writing business, rather than the LLC), so it's getting taxed either way. Do I need to file a 1099 for myself?

[ChristinaS]

You never file a 1099-MISC or give yourself a W2 if you are employed by yourself (especially as a single member LLC).

You are automatically taxed on the result of your income minus expenses, whether you gave yourself the money or left it in the LLC's bank account.

[ChristinaS]

Giving money to yourself is not a business expense of your own LLC business. When you have an unincorporated business such as an LLC, you and the business are "one" for tax purposes. This would only change if you elected for the LLC to be taxed as a corporation, which is not common.

[cheratomo]

Okay, thank you! I put that money back under the LLC.

[ChristinaS]

You're welcome.