Has anyone received their 1099 tax form from AirBnB?

[Stephen18]

HAs anyone received their 1099 form for taxes from AirBNB? It sucks that there is nobody who I can just call at AirBnB and have to go through a community chat to get the answer

[Clare0]

@Stephen18  Unless you had $20K or more in reservation payouts AND had 200 or more transactions, you will not recieve a 1099K which, if you did, is what you would have received.  You still need to report your income from Airbnb.  Your reservation history will have a link to your 2015 payouts.  Don't forget to deduct the Airbnb fee and the TOT we pay to the county. 

And, welcome, Pismo Beach!  I'm in Templeton...small world!

[James43]

I'm in the same boat. Airbnb of course doesn't want the financial burden of sending out 1099s to people unless you're a high-earner for them. They are making multi millions of dollar off of us small-timers, but to maximize their profits they don't want to spend the money to send us a 1099. Disgusting, but we put up with it. 

[Clare0]

@James43 Not to defend Airbnb, but why do you need a 1099?  You can look up your earnings easily under your transaction history. 

[Em-and-Tim0]

Not getting a 1099 is great, who would want to report income (or rather have their income reported) if they don't have to. And it's a law: over 20k or 200 transactions. That is why they follow it. 

[Em-and-Tim0]

I'm curious what date they will have them issued by, it's nice to know when that date is to plan tax preparation accordingly. 

Anyone from Airbnb..? I can't find it anywhere.  I am aware I can see my total earnings;  it's just that  I have multiple listings and wondering if it all is reported to the same 1099k under the same email. 

[Allen42]

Does anyone know for sure whether the income is reported if a 1099 is not issued?

[Em-and-Tim0]

I believe the 1099 (if you receive one) is the only way of reporting it. Also, I have seen that they are now using the language that BOTH over 20k and over 200 transactions is merit for 1099

[Clare0]

@Em-and-Tim0 Yes, 1099K's will be issued only to hosts who have earned at least $20K AND have had at least 200 payouts or more.  For those of us who do not meet that criteria, we will not receive a 1099 or a 1099K.  That said, hosts still need to report their earnings from renting their space.  The IRS will not forgive under reporting the income.  🙂

[Rebecca181]

@Allen42 @Stephen18 @Clare0 @Em-and-Tim0 @James43- Yes, I read on a different Airbnb forum that a host did not report the income as a 1099 was not issued to her but the IRS did somehow know and she was made to pay the piper. So do report the income. Your first year, use a CPA. If you own your home the decisions you make now about reporting will have consequences down the line, including as related to depreciations taken and Capital Gains.