AIRBNB 1099 Where is it?

Question

Burien actually. I used to get an AIRBNB 1099 but didn't get one this year. I have a little AIR unit that I rent in the summer for kicks and teaching da kids.  Made 9k last year but I didn't get a 1099. I called AIRBNB and according to them, the Big Beautiful Bill prohibits them from sending out a 1099 if income is under 20k.  I handed my tax info to my CPA and  included a note about what airbnb said.  I'm curious.  Is this taxable or not? Anyone know? I hate to ask my cpa right now, poor guy did not look well.

Bill Hampton · Answer

@Henry T.

Yes, it is taxable income. Yes, you have to report the income on your tax return even if you didn't receive a 1099. You should also report your ordinary and necessary expenses.

If your accountant isn't comfortable with real estate taxation, it may be time for a new accountant.

I recommend finding an accountant who specializes in real estate taxation and is proactive instead of reactive when providing advice.

Working remotely with your accountant will expand your options. The best person for the job may not be local.

I would also recommend looking for an accountant who will work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

Happy to answer any questions. Good luck.

Aaron Zimmerman · Answer

Yes - income received, whether you get a 1099 is taxable. You'll want to make sure this gets included in schedule e assuming that's the form you file.

John Underwood · Answer

I think they have to hit a threshold before sending one?

I just ran a report on my Airbnb and Vrbo income from their site. I printed these to a pdf and saved them. I used these to report my STR income.

Michael Baum · Answer

Great thread actually. It is a bit annoying that you can't get a 1099 when you don't hit the minimum 20k, but it is a cost savings for AirBNB and VRBO so...

We always get a VRBO 1099 as it is where the majority of our bookings come from. We haven't gotten a a 1099 from AirBNB.

Like @John Underwood I just print the PDFs out and send them along. My CPA has never asked about it.

Andrew Steffens · Answer

Yes they just raised the threshold for sending 1099.  Good accounting advice above.

Ashish Acharya · Answer

Henry, this is pretty common. Airbnb only issues a 1099-K if you meet certain thresholds, but the income is still taxable whether you receive a 1099 or not.

Since you made around $9K, it likely just fell below their reporting requirement. You did the right thing by reporting it anyway.

The only exception would be if you qualify for the Augusta Rule (14 days or less rented per year), in which case the income can be tax-free. But if you rented it more than that, it’s fully reportable, and you can offset it with expenses like cleaning, utilities, and depreciation depending on usage.

Happy to connect.

Fulton Abraham Sanchez · Answer

@Henry T., hi. Yeah, it’s still 100% taxable even if you didn’t receive a 1099.

What Airbnb told you is about their reporting threshold, not your tax obligation. The IRS still expects you to report all rental income, whether a form was issued or not.

Since it’s an STR, there may also be opportunities (depending on usage + how it’s set up) to offset that income with expenses or even depreciation.

Henry T. · Answer

Thanks everyone for chiming in. That's what I figured, of course the IRS wants their money!! I surely don't know the details of Big Beautiful Bill.  And thought it odd that those genius's at Airbnb can't send a simple 1099.  And then learning this from a  phone bank that's probably in the Philippines, there's that too. Thanks all, appreciate it.

AIRBNB 1099 Where is it?

AIRBNB 1099 Where is it?

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