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tax help

dmufeed2
Level 2

where on form 1120s can i report 1099 nec issued to an scorp. so its an scorp income

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5 Comments 5
IRonMaN
Level 15

I usually find line 1 of the 1120S a pretty good spot to report revenues.


Slava Ukraini!
dmufeed2
Level 2

even if its 1099 nec 

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IRonMaN
Level 15

Yeah, income is income.  They received a form they should not have received if they are an S corp but it doesn't change the nature of the receipt to the corporation.


Slava Ukraini!
dmufeed2
Level 2

thankyou

IRonMaN
Level 15

You betcha!


Slava Ukraini!
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