Please send an updated W9 to firstname.lastname@example.org along with the date the ownership change took effect and evidence of this ownership change date. We will review your W9, ownership change evidence, and the 1099-K that we sent.
If the IRS’s $20,000 threshold was reached in that partial year, we will issue you a revised 1099-K. If the gross reportable transactions were less than $20,000 in that partial year, we will zero out the form.
Once the revised form is available, we will send you a secure password protected email with a PDF of your 1099. As we receive many 1099 questions this time of year, please allow three business days for the email of the updated form.