judys3
Level 7
a month ago
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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.