Using Home and Business for my 1040 need to offset the amt of a 1099 issued to my SSN that should have gone to LLC's EIN. How do I do that and where?

I tried adding a new 1099 in a negative amount in step by step but it didn't seem to work. At least it didn't reduce the tax amount owed.

467

Level 15

Mar 10, 2024 3:45:00 PM

Your EIN and SSN are both tied to your business income since it is reported on your return. You can enter income with your SSN into Sch C without having to do anything else.

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Using Home and Business for my 1040 need to offset the amt of a 1099 issued to my SSN that should have gone to LLC's EIN. How do I do that and where?