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Heads up for AIR B&B owners in 2022 threshold for tax reporting by AIRB&B $600 US dollars in income during the year,


traderspoc

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Starting January 1, 2022, the IRS requires US companies to report gross earnings for all US users who earn over $600 in the calendar year. If you exceed the IRS threshold in a calendar year, Airbnb will issue you a Form 1099-K.

AIRB&B has to comply,  so in 2022 you will getting a 1099K and will have file taxes on AIRB&B income, before in 2021 was 20,000 or more than get 1099KI

also Mexican gov last year 2020 required a rent by owner web site to send  factura for rental income .

 

Has this happened to any of you , your experience please

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17 minutes ago, mudgirl said:

What does Canada have to do with it? And the OP was actually about US taxes.

In case you aren't aware, people have to pay taxes on their earnings in Mexico, just like they do everywhere else. 

Same with the US--the tax man prowles the earth to feed the beast-But Mexico takes note and soon will follow---

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