Will I receive a Form 1099-K?
You will be sent a Form 1099-K if you received $5,000 or more in payouts for the 2024 calendar year.
If you are paid through PayPal, the form will be issued by PayPal. Please reach out to PayPal directly if you have any questions about your Form 1099-K, haven’t received it, or have any other concerns. Hipcamp is unable to assist with issues related to Forms 1099-K issued by PayPal.
If you are paid through Stripe, the Forms 1099-K will be issued by Hipcamp in partnership with Stripe.
Is this required?
Yes, the reporting requirements discussed herein are enforced by the IRS as a result of laws passed by the US congress. Hipcamp must comply and there are penalties for failing to do so.
Is the threshold lower than I remember?
The IRS lowered the reporting threshold from $20,000 AND 200 transactions prior to 2024 to only $5,000 for calendar year 2024. The thresholds are scheduled to further reduce for calendar years 2025 and 2026. More information can be found here.
I am paid through PayPal, what do I do?
We do not collect tax information for hosts paid through PayPal at this time; there is no action required from you on our website.
If you’re currently paid through PayPal, you will not receive a Form 1099-K from Hipcamp. PayPal may send you a Form 1099-K for payouts issued through their platform, please contact PayPal directly if you have any questions.
I am paid through Stripe, what do I do?
Stripe has sent an email to Hosts to view their Form 1099-K.
Hosts will be required to set up a ‘Stripe Express’ account. Upon setting up your Stripe account, you should be required to enter all of your tax information. If you need to update any of your information, follow the instructions outlined in this Stripe Support article.
Every year, Hipcamp and Stripe will reach out to any Hosts who have missing tax information starting in November or December. If you receive this request, please be sure to update your Stripe account as soon as possible. Hipcamp and Stripe will never request that your tax information be sent through email. Please ensure you are only entering this information on your official Stripe account on their website.
If you have exceeded the Form 1099-K threshold for the calendar year, you should expect to receive your Form 1099-K by January 31st of the following year
Is my information secure?
Yes. The information is collected and stored by Stripe, a certified PCI Service Provider Level 1. This is the most stringent level of certification available in the payments industry. Stripe uses the best-in-class security tools and practices to maintain a high level of security.
I am not a US-based host, do I need to do anything?
This is for US hosts only.
I am having a technical issuing viewing my form in Stripe
For any technical inquiries accessing the form, you will need to contact Stripe Support. You will find a link to contact Stripe Express Support on the righthand side of the page linked here: https://support.stripe.com/express
Will I receive a 1099-MISC?
Hipcamp processes payments on your behalf and you as a Host are not a contractor, so we do not issue 1099-MISC forms for hosting on our platform. Because we know it would be a helpful resource, we may begin providing summary documents by default in the future although this is not required.
In the meantime, you’re able to view and download a complete list of your bookings and earnings from the Bookings page within your account. Follow our step by step instructions: How do I download all of my bookings and earnings for tax season? Of course, contact Hipcamp Support if you have any questions!
IRS regulations require that we collect a valid W-9 in a timely manner for reporting incomes. If you fail to provide the requested information in a timely manner, Hipcamp reserves the right to temporarily deactivate your property.