Is the Rental Income paid to owners reported to the IRS

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Original Message:

Re: Is the Rental Income paid to owners reported to the IRS (by Bryan W.):

Just read that the threshold for 1099K issuance dropped on 2024 transactions to $5000, and it will drop again in 2025 to $2500. The IRS is planning to lower further in 2026 to a $600 threshold.