turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

LLC Started mid year,

I am a musician and started a single-member LLC in July, I paid different musicians (subcontractors) throughout the year. Do I have to issue two different 1099's to the subcontractors for the year 2024?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KrisD15
Expert Alumni

LLC Started mid year,

Yes, you would be responsible for issuing Form 1099-NEC to each of the two contractors if you paid them at least 600 individually. 

 

Here is a link with more information 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question