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As an S corp you would not issue 1099MISCs to yourself or any other "employee".
S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.
Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. Your K1 will have this "flow through" information.
This allows S corporations to avoid double taxation on the corporate income. S corporations are responsible for tax on certain built-in gains and passive income at the entity level.
An owner of stock in an S corporation also performs services for the company making him, in addition to an investor in the company, an employee of the company. This means a W2 as an employee is not issued a 1099MISC for compensation.
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