All a 1099-K means is that you got payment thru a credit/debit card or something like paypal and not in cash or check like most landlords get paid. To close the "tax gap" the IRS reduced the 1099-K min reporting requirements down to just $600 so many more of these forms will be issued this year. A lot of folks will have to find a way to deal with it ... hopefully the IRS will issue handling instructions soon.
