If a company changes their name and tax ID in the middle of the year, they may have to report rent for the owners on two separate 1099s. You must adjust each ledger (owner or property) so the taxable income reported by Old Company is reflected as Taxable Income when you run their 1099s. Then adjust so only taxable income reported by New Company is reflected as Taxable Income when you run their 1099s. Use this Help Document to help you do that.