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Level 2
posted Jan 22, 2023 9:03:06 AM

Do I need to issue a 1099 to my Airbnb Property Manager if I paid 100% by Credit Card?

Hello,

 

We have a 2nd home that we have used for personal use AND short term rentals in 2022 thru Airbnb. We've paid a property manager, who has an LLC, commissions and cleaning fees exclusively by credit card. The total amount is less than $20K and 200 transactions.

 

Based on previous discussions here and IRS statement re credit card payments, I think we should NOT issue her a 1099. Does this seem correct?

 

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1 Replies
Expert Alumni
Jan 23, 2023 11:27:59 AM

Yes, if you are deducting the payments to your property manager as a rental expense on your tax return and paid them more than $600 for the year, then you are required to send them Form 1099-NEC. This service is available for free in TurboTax Online Self-Employed and TurboTax Home & Business.

 

Please see the 1099-NEC reporting requirements from the IRS for more information.