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M
MRG
Level 3
April 5, 2025
Question

S Corp that is a 1120 and has 1099-NEC

  • April 5, 2025
  • 1 reply
  • 4 views

Can you please help me and let me know what part of the 1120 should I enter the 1099-NEC  and their expenses?

This topic has been closed for replies.

1 reply

J
jeffmcpa2010
Level 10
April 5, 2025

I would ignore the 1099 and enter the actual activity of the business.(so long as you are reporting revenue at least equal to the 1099, (and it should only be equal if the 1099 is the only revenue))

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