Hipcamp Hosts
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.
1099-K:
The IRS announced a delay in implementing the $600 reporting threshold for forms 1099-K for tax year 2022. You will receive a 1099-K form for 2022 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:
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Navigate to the Payouts and Taxes section of your Host dashboard.
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Click Manage payout and taxes.
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If you have direct deposits enabled through Stripe, click the Review button to enter your information or ensure the information you provided is correct.
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Add or edit your business information, if needed.
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.
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.