The IRS requires Outdoorsy to send out 1099-K forms to every owner who uses our service and makes 200+ transactions and $20,000 or more in a calendar year. This means that a large number of our owners are going to get one of these babies in the mail. If you’re one of the lucky recipients of this form, be sure to include it when filing your taxes.
It is important to note that those who don’t receive a 1099-K still need to pay taxes on their earnings. Outdoorsy will provide you with a statement at the end of the year that includes your total rental income, but you should also keep track of your expenses on your own.