1099k

Answered!
Lisa-and-Mack0
Level 4
Greenbrier, TN

1099k

When are these available?

1 Best Answer

@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.

 

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5 Replies 5
Mike-And-Jane0
Level 10
England, United Kingdom

@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!

Bhumika
Community Manager
Community Manager
Toronto, Canada

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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