judys3
Level 7

Definitely get the credit card company the correct information for 2026.

A Simple solution would be to amend the tax return of the taxpayer that sold the business.  Put the 1099K on as income and then write a very descriptive explanation for an other expense category for the same amount of money.  It zeros the 1099K

Very doubtful the credit card company will amend and fix the 1099K.