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1099 MISC statements for IRS
Feb 10, 2023
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Last edited by ken1193 on Feb 14, 2023 12:12 PM
Feb 16, 2023
1099-MISC's were sent out to owners who successfully rented their week on January 31st, and should be received within 7-10 business days. If you don't receive it within that time period, please feel free to reach out to support@redweek.com and we'll take a look at things for you!
Hello, I did receive my 1099. However, in The Washington Post of Feb. 11, 2023, there was an article about IRS decisions on taxing payments over $600 made through 3rd party apps. This was included in the American Rescue Plan act of 2021 but the IRS has delayed guidance on that question ad it will not apply until the 2023 tax year (in 2024). Is it necessary then for me to claim my income from RedWeek for 2022 (assuming that the 1099 was also sent to the IRS). Since I live in Virginia that 3rd party income (mine was $1925) would be included in my gross income but it sounds like it will not need to be counted this year, only beginning in 2024 for 2023 taxes. Any information you have would be appreciated.