airbnb tax rules are confusing. On one hand they said if the earnings are under $600 they would not issue 1099. On the other hand they said if exceed $20000 they would issue 1099. Which is which? I called airbnb support and they are confused as well.
You need to read my post more carefully. They apply the tax rules in a very confusing manner. Some times talks about $600. Other time talks about $20000. This is from their website: " Starting January 1, 2022, the American Rescue Plan Act will require Airbnb to issue a 1099 form for all Hosts with annual earnings of $600 or more** from bookings .
Is it possibly 200+ transactions OR $20,000 in transactions?
I ask because we received a 1099 from Airbnb. We had more than $20,000 in transactions but not 200+ transactions.
OR if the rule you cite is correct Airbnb in our situation chose to issue a 1099 anyway – maybe we said we are a professional Host and that triggered the 1099?