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pagantom
Returning Member

LLC W9 1099 Schedule C

I have a single member LLC, with an EIN number. I perform contractor work through the LLC. I report income/loss for the LLC on my 1040 Schedule C. If i understand it correctly, on Line 1 of W-9, I would enter my name and I could enter either my SSN or the LLC EIN in Part 1. If this is correct, should the companies the LLC does business with send a 1099 MISC or 1099 NEC? What should the recipients name on the 1099 be? 

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3 Replies

LLC W9 1099 Schedule C

You would put your SSN on the W-9 or your EIN if you have one (as an owner). You do not put the LLC's EIN on the W-9, per instructions, since it is a disregarded entity.

 

You should receive a 1099-NEC, but that may depend upon the issuer (since others can easily use the wrong reporting statement)

LLC W9 1099 Schedule C

They send you 1099-NEC with the name of your business or with your name if you don’t have a business name. 

pagantom
Returning Member

LLC W9 1099 Schedule C

thanks for the replies. So if i enter my name on line 1 of the W-9 and the LLC name on line 2, the payer's 1099 should list the LLC or my name as the recipient?

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