Form 1099-K is an information report required by the Internal Revenue Service (IRS) and was sent you because our records reflect that you processed over $20,000.00 in gross income and more than 200 transactions through your VacationRentPayment account in the last calendar year. The Form 1099-K should be used when you report your rental income on your Income Tax return. We advise keeping detailed records of refunds, credits, discounts and non-taxable amount’s as you will need to reconcile your net deposit to the gross amount shown on the 1099-K.
Articles in this section
- How do I contact VacationRentPayment?
- I need the volume split between my SSN and my LLC’s EIN.
- Why haven’t I received my 1099-K?
- You’ve issued my 1099-K to my LLC, but my LLC was not set up until June 30 of last year. I need the volume split between my SSN and my LLC’s EIN.
- What do I do with the information on Form 1099-K?
- How is “Legal Name” defined?
- What is the purpose 1099-K reporting?
- When will I receive my 1099-K?
- You’ve issued a 1099-K to me, but I have separate LLC’s set up for my listings/properties
- I’ve already filed my taxes, will I need to amend?