Original Message:
Re: Is the Rental Income paid to owners reported to the IRS (by RedWeek Support):
Yes, we report rental income, as required by the IRS. We send 1099-Ks (we do not send out 1099-MISC's) if the rental amount or transaction quantity exceeds the federal or state thresholds. If a 1099-K is received, it will be for the gross rental amount and not reflect any refunds or our fees. We encourage you to consult your tax professional to determine the deductible fees associated with the rental.