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

[drmorello]

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?

[PatriciaV]

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.