Hi!

I have a business PayPal account. One of my husband's clients wanted to pay an invoice with PayPal while away from home. (I'm a partner in the contracting company) 

So, I said yes and accepted the payment. Over 10k in 2 transfers. (The PayPal transaction was deposited into a personal checking account. )

Then I Deposited this into the Construction company as a contribution to the business checking,  from me.
Then I posted the payment received for the invoice she was billed. It seemed clean.

When I got a 1099 for ME, now, this looks like my personal consulting company income. I am not sure what to do. I will not have much income otherwise to show for the semi inactive consulting biz.

In a sense the 1099 is just information, and I did the accounting in the contracting business books correctly, I think.

Q:: ANYONE have any idea if I must ask for a correction, or do something additional? The PayPal transaction was deposited into a personal checking account. (I normally summarize out of pocket (personal for biz) transactions, then I post as a journal entry into the correct business P&L books/ checking.

HELP  will be VERY MUCH appreciated!