Hello everyone! I have a unit in Newport City, Philippines. ...
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Hello everyone! I have a unit in Newport City, Philippines. I am looking for a co host to help me manage it while I’m away. J...
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@Lisa-and-Mack0 So you are saying that you had more than 200 reservations (separate bookings, not total nights) AND exceeded $20K in gross transactions? If true, you should get a 1099.
1099-K Eligibility
• You are a US citizen or US tax resident and you meet one of the following:
o You have exceeded $20,000 in gross transactions AND 200 reservations in the calendar year 2022*,
o You had US taxes withheld from your payments, or
o Your resident state has a lower reporting threshold.
@Lisa-and-Mack0 another thread said the requirement to issue these had been put back so Airbnb are only issuing to the old rules ie 200 transactions and a big revenue figure that I can't remember
Right but we've exceeded those.
@Lisa-and-Mack0 So you are saying that you had more than 200 reservations (separate bookings, not total nights) AND exceeded $20K in gross transactions? If true, you should get a 1099.
1099-K Eligibility
• You are a US citizen or US tax resident and you meet one of the following:
o You have exceeded $20,000 in gross transactions AND 200 reservations in the calendar year 2022*,
o You had US taxes withheld from your payments, or
o Your resident state has a lower reporting threshold.
No, Lorna, I missed the part about bookings/nights. Thanks!
Hello @Lisa-and-Mack0 ,
As Mike suggested, I found that concerned thread here: Link to Thread, If you would like to have a closer look regarding any related information.
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