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January 28, 2024
Question

LLC's 1099 income reported to my SSN

  • January 28, 2024
  • 1 reply
  • 0 views

I received a 1099 for income to my partnership LLC that was reported under my SSN. How do I let the IRS know on my 1040 that the income was reported under my partnership LLC's 1065? 

    1 reply

    Rick19744
    Employee
    January 28, 2024

    A few comments:

    • Going forward, make sure you provide the vendor with a correct W-9 using the partnership LLC information.
    • To correct for this, include this as misc income on your 1040, then have another line that subtracts the same amount and title it "reported on partnership return" or something to that effect.
    • Then make sure you include this on the form 1065.
    *A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.