In terms of distribution made to the owners of our LLC in 2019, do we need to issue a 1099-MISC to ourselves? Thank you!
You'll need to sign in or create an account to connect with an expert.
Distributions from an LLC to its members are reported on Line 19, Schedule K-1 (Form 1065).
See https://www.irs.gov/instructions/i1065#idm139898006833984
Distributions from an LLC to its members are reported on Line 19, Schedule K-1 (Form 1065).
See https://www.irs.gov/instructions/i1065#idm139898006833984
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
yayaroon
Level 2
miller-wrestling
New Member
embedded_guy
Level 3
maglib
Level 11
1Dowrite
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.