VacationRentPayment may be able to issue you multiple 1099-Ks provided a few requirements are met.
If your property changed ownership (even if you ultimately remained the owner of the LLC), VacationRentPayment will require proof of the change of ownership and W-9s for both the prior and current owners. If VacationRentPayment receives these documents and the payments were deposited into the bank account of the respective owners during the applicable timeframe, VacationRentPayment can issue two 1099-Ks that split the payment volume for the calendar year. Such 1099-K will report volume as such:
- Volume from 1/1 – 6/30: Your SSN
- Volume from 7/1-12/31: Your LLC’s EIN
Comments
0 comments
Article is closed for comments.