Updates to 1099-K form

[Online-User0120]

Hi, I was issued a 1099-K with the correct name but incorrect address. The old address was in one of the states where there's a lower reporting threshold. So I have two questions,  how do update the address? What will happen to the form requirement since the state I'm living in doesn't have a  lower threshold? I don't meet the federal threshold to have the form issued in the 1st place. 

[Kimsuy41]

I have this same exact issue now. Customer service is not helpful. Someone please help.

[Online-User0120]

Reach out to CS by messaging NOT by phone. The Indian reps have no clue what it's needed to get you a corrected form

[Kimsuy41]

Yes I did by messaging. However, the first rep knew what I was talking about but they fix something completely different from what I asked. They said they would be able to retract the 1099k...we will see. 

[Online-User0120]

I didn't know retraction was even an option. I'm going to ask. This would be the best way to go about it. Thanks for letting me know. Good luck

[Kimsuy41]

No problem. I hope they are able to do that. Good luck to you too. Please keep me updated. Thank you!

[Online-User0120]

Did you have any luck with the retraction? I contacted CS and they said the tax team would give me an answer by now but I haven't heard back.

[Halcombalexis]

Does any one have updates on this? did they retract the 1099? im having the same issues.