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Starting January 1, 2022, the IRS requires US payors to report gross earnings for all US users who earn over $600 in the calendar year. Your state residency is determined by the address you provided on your Form W-9.Īs of January 1, 2022, these are the following states with lower reporting thresholds (list subject to change): District of Columbia, Illinois, Maryland, Massachusetts, Missouri, Vermont, and Virginia. If you are a resident of a state which has a lower reporting threshold, a Form 1099-K will be issued to you and filed with the state in accordance with your state’s reporting requirements.
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states have separate filing thresholds much lower than the Federal (IRS) threshold of $20,000 and 200 transactions. Hosts in states with lower reporting thresholds Hosts who have received $600 or more in the calendar year in other reportable income such as bonuses, awards, incentives, or other payments from Airbnb will be issued a Form 1099-MISC. Airbnb service providers (photographers, translators, others)Īirbnb service providers, including photographers, translators, and other service providers who have earned $600 or more in the calendar year will receive a Form 1099-NEC. If taxes were withheld from your payouts during the calendar year (applies to both US and non-US hosts), you’ll be provided with the appropriate tax form so that you may account for the withholdings on your income tax return. Hosts who had taxes withheld from their payouts Hosts with US-sourced earnings who have submitted a Form W-8 will be provided a Form 1042-S. Non-US persons who have submitted a Form W-8 If you exceed the IRS threshold in a calendar year, Airbnb will issue you a Form 1099-K. Starting January 1, 2022, the IRS requires US companies to report gross earnings for all US users who earn over $600 in the calendar year. If you exceed both IRS thresholds in a calendar year, Airbnb will issue you a Form 1099-K. The US Internal Revenue Service (IRS) requires US companies that process payments, including Airbnb, to report gross earnings for all US users who earn over $20,000 and have 200+ transactions in the calendar year. US persons who have earned over $20,000 and had 200+ transactions