Question

1099 NEC and S Corp

Forum|Forum|5 years ago
April 1, 2021
2 replies
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I received a 1099 NEC to my S Corp EIN. I've already filed taxes for my S Corp. Do I need to report my 1099 NEC on my personal taxes.? (My S Corp paid me as an employee for 2020 and I've received a W-2 for those payments.)

TurboTax Home & Biz Windows

M

MinhT1

If you received a 1099-NEC in the name of your S-Corp and you have not included that amount of income in your S-Corp tax return (form 1120S), then you must file an amended return for your S-Corp to include that income.

The S-Corp will then provide you with an amended schedule K-1 which you will use to amend your personal tax return.

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