SE contractor have both a 1099 for one company and salaried for other company. Can i report both earnings on my 1120 or do I have to file the salaried income separately?

adamgeisenman · ‎June 6, 2019

MinhT · ‎June 6, 2019

Your wages as a salaried employee are reported on form W-2 issued to you personally and the form W-2 must be reported on your personal tax return (form 1040), and not on form 1120 (or 1120S) which is the tax return of a corporation.

If the form 1099-MISC is issued in the name of the corporation filing form 1120, you should report it on the form 1120.

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View solution in original post

MinhT · ‎June 6, 2019

Your wages as a salaried employee are reported on form W-2 issued to you personally and the form W-2 must be reported on your personal tax return (form 1040), and not on form 1120 (or 1120S) which is the tax return of a corporation.

If the form 1099-MISC is issued in the name of the corporation filing form 1120, you should report it on the form 1120.

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

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SE contractor have both a 1099 for one company and salaried for other company. Can i report both earnings on my 1120 or do I have to file the salaried income separately?