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
- What is a Form 1099-K and will I receive one?
- What is the purpose 1099-K reporting?
- Why haven’t I received my 1099-K?
- What is a W-9 and why does Yapstone need mine?
- Why did I receive a Form 1099-K?
- What if my TIN or Legal Name is different than what the IRS has?
- I don’t want a 1099-K, I already report my income to the IRS – why do you need to report as well?
- I need the volume split between my SSN and my LLC’s EIN.
- 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?