Question

How to report a 1099-NEC as nominal income? I received a 1099-NEC to my SS#, but the income is paid to my business S. Corp

Forum|Forum|5 years ago
March 9, 2021
1 reply
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TurboTax Premier Online

Employee

As long as you include the income on your 1120-S, just keep the 1099-NEC with your tax records. You don't need to include it on your personal return as long as you included it with your business income. It will be included on your personal return when you enter the K-1 from your S-corp. Just keep good records in the unlikely event you receive an inquiry.

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