diff --git a/wp-includes/taxonomy.php b/wp-includes/taxonomy.php
index 06fa0a0f47..6a49014f0c 100644
--- a/wp-includes/taxonomy.php
+++ b/wp-includes/taxonomy.php
@@ -3444,7 +3444,7 @@ function wp_modify_term_count_by_now( $tt_ids, $taxonomy, $modify_by ) {
 
 	foreach ( $tt_ids as $tt_id ) {
 		/** This action is documented in wp-includes/taxonomy.php */
-		do_action( 'edit_term_taxonomy', $tt_id, $taxonomy );
+		do_action( 'edit_term_taxonomy', $tt_id, $taxonomy->name );
 	}
 
 	$result = $wpdb->query(
@@ -3461,7 +3461,7 @@ function wp_modify_term_count_by_now( $tt_ids, $taxonomy, $modify_by ) {
 
 	foreach ( $tt_ids as $tt_id ) {
 		/** This action is documented in wp-includes/taxonomy.php */
-		do_action( 'edited_term_taxonomy', $tt_id, $taxonomy );
+		do_action( 'edited_term_taxonomy', $tt_id, $taxonomy->name );
 	}
 
 	clean_term_cache( $tt_ids, '', false );
diff --git a/wp-includes/version.php b/wp-includes/version.php
index cc934964a7..3d2346b4f7 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -13,7 +13,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '5.6-beta1-49314';
+$wp_version = '5.6-beta1-49316';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.