1099-k

Forum|Forum|1 year ago
February 3, 2025
1 reply
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I received a 1099K form from VRBO. We only rented our house 12 days this year. Do I still need to put that information on my tax forms? When I do it, lowers my refund and increases my income

Vanessa A

Yes, you will need to enter the 1099-K as the IRS will be expecting it as part of your income. However, after you enter the 1099-K, you will just back the income out since you rented the house only 12 days which is under the 14 day rental rule.

To enter the 1099 K and then back it out immediately take the following steps:

Income
1099-K under Other Common Income
Enter the information from the 1099-K
Check the box that says, This amount in box 1a is too high or includes some personal transactions
Enter the amount that shouldn't be included

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