Last year I sold some of my product to a business customer. The total sale was a little over $12k. 99% of my customers are private individuals. This particular customer is an LLC. Yesterday I received a 1099-NEC from this customer, which is NonEmployee Compensation.
I've researched this for hours but still can't figure out why this customer sent this and what I am supposed to do with it. In 11+ years of being in business, I have never been sent any kind of 1099 by a customer. I was hoping there are some of you that perhaps are familiar with this and can give me some free tax advice. Thanks.
