Hi - My AirBnb property manager used an "unusual" method where the payments were credited to my tax ID (social security number) but the actual payments went to his bank account. Then he paid me the net amount after his commissions and expenses. I have two options for my taxes:
1.) Report the gross amount as revenue and report his expenses against the AirBnb income to the net I was paid.
Example: AirBnb credited $100 to my tax ID, then paid out fund to the property manager. He paid me the net amount of $70 to my bank account.
2.) Report only what he actually paid me - I never "handled" the funds in the larger gross amount (the $100 in the example).
Or any other appropriate method suggested, thank you!
