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Level 2

Misc. Income

I have two 1099- one if for me personally and one for my LLC.  I have no employees so where do I enter each of these 1099's before I do my Schedule C

 

1 Reply
Level 20

Misc. Income


@bswiggins65 wrote:

I have two 1099- one if for me personally and one for my LLC.  I have no employees so where do I enter each of these 1099's before I do my Schedule C


Assuming the 1099s are for personal services rendered and your LLC is a single-member LLC (i.e., a disregarded entity for federal income tax purposes) that did not make an election to be taxed as a corporation, then enter the 1099s in the Business Income section of the program. There is no need to enter them before you start your Schedule C.

 

You would enter the first 1099 and then enter the second one as shown in the screenshot below.

 

1099.png