As a Host, your earnings may be subject to U.S. income taxes. We expect all Hosts to comply with the tax regulations in your area, and encourage you to consult a tax professional if you need advice on reporting your income.
The IRS announced a delay in implementing the $600 reporting threshold for forms 1099-K for tax year 2023. You will receive a 1099-K form for 2023 only if you meet the following thresholds:
- payouts have totaled more than $20,000 in a calendar year
- 200 or more transactions (bookings)
If you meet those thresholds, you need to provide some information through Stripe - your legal name, tax ID, and valid address.
You can follow the steps below to review, update or add your information:
Navigate to the Payouts and Taxes section of your Host dashboard.
Click Manage payout and taxes.
If you have direct deposits enabled through Stripe, click the Review button to enter your information or ensure the information you provided is correct.
Add or edit your business information, if needed.
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.
Hipcamp Photographers and Content Contributors
As a Hipcamp contributor, whether that be to the Field Scout program or to the journal, your contributions are subject to 1099-MISC reporting to the IRS. All income $600 or above will warrant us filing a 1099-MISC form, and your W-9 information will be collected during onboarding.