Form 1099-K is an IRS information form used to report payment transactions to improve voluntary tax compliance. You should receive Form 1099-K by January 31 if you meet the qualifications in your state and/or federally in the prior calendar year.

The 1099-K will be generated in either your name or your company (aka business) name based on the selection you made when initially setting up rent payments for your account through TurboTenant.

We can update your Stripe account to reflect your business or LLC for future tax reporting. This update will ensure your next 1099-K includes the correct business name and prevents future reporting discrepancies. Please reach out to our support team and provide an SS4 or 174C from the IRS for us to update the account information, which may take a few business days to complete.

If you do update your Stripe account to be a business account, rather than an individual account, Stripe will not generate a new 1099-K form for the previous calendar year. To work around this, you can export your rent payments as a CSV for each business, which will allow you to self-report your taxes for that particular calendar year. This can be done within the payments section of your account. This Help Center article will guide you through the process of exporting your rent payments: How Do I Export My Rent Payments?

You can set up multiple entities in TurboTenant, and doing so can allow your funds to be split into multiple LLC accounts and receive a 1099k for that specific entity if the criteria are met. Learn more about what a business entity is to see if that is the right choice for you!

Form 1099-K reporting is governed by IRS rules. Generally, a payment platform is required to file a 1099-K when, in a calendar year, payments for goods/services exceed $20,000, and there are more than 200 transactions. Some states have lower reporting thresholds than the federal requirement, which can result in a 1099-K even if you don’t meet the IRS threshold. (IRS) For example, some states have the following thresholds:

Stripe evaluates 1099-K eligibility based on the Stripe account’s tax profile, including cases where:

Stripe issues Form 1099-K to eligible U.S.-based users who accept payments and meet applicable reporting criteria. Stripe provides the form to:

For more details on Stripe’s qualification criteria, please refer to their Help Center article on this topic.

To download your 2025 1099-K, you'll want to be on a computer to download a copy and take the following steps:

The image below illustrates where to find your 1099-K Tax Forms in your account within the Bank Account section.

The image below illustrates where to download your forms within the Tax Forms section for the reporting year.

The Tax Form option is not available on the TurboTenant Mobile App. Please use a computer device to access your tax forms. Note: the Tax Form link is valid for 6 hours. You can always go back and click the Tax Forms again to re-download.

If you click the Download button and see the message, "No tax forms found," this means you do not have any 1099-K forms for the entity. If you qualify for one, it'll be added automatically.

It is important to know how 1099-K forms are issued:

A: You will have access to your federal and state (if applicable) 1099-K forms directly within your TurboTenant account as of January 31, 2026.

A: Reach out to our team with your mailing address before January 31, 2026, and we'll send you a physical copy when the form becomes available. Any requests after January 31, 2026, will be mailed to you within 10-15 business days.

A: At this time, TurboTenant does not prepare tax documents for landlords to utilize; this is done by our payment processor, Stripe. This means any payments accepted outside of the platform that were logged in TurboTenant will not be reported. We recommend you utilize the "Export CSV" option within the Payments tab to export any rent payments needed for reporting on your end.

A: A 1099-K is an informational tax form that payment processors are required to issue only when specific federal or state reporting thresholds are met. Based on our records, if your account did not meet the applicable reporting requirements for the tax year, a 1099-K will not be generated. A few important things to keep in mind: If you do not meet the federal threshold, you may still receive a 1099-K if your state has a lower threshold. Conversely, if you do not meet either the federal or state-specific thresholds, no form will be issued.

If you need a summary of your payment activity for your own records or for tax preparation purposes, you can access that information directly in your account in the payments dashboard under deposits.

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A: The 1099-K form will include payments processed through TurboTenant, as Stripe is required to report the total gross volume of your account, including security deposits processed through TurboTenant. If you manually record a payment or what we consider an "offline payment," those are not reported on the 1099-K. The 1099-K form is purely informational and designed to assist you in documenting your taxes.

For more information on 1099-K, please visit the IRS.gov website.

A: Stripe reports payments based on the date the payout was initiated, not the date the funds were deposited into your bank account or the date a payment was made.
You can view the initiated payout date by clicking on the payout and viewing the timeline. Once a payout is initiated, it can take 1-2 business days to actually arrive in your account, which is why there could be confusion for payments made towards the end/beginning of the month. For example, if a renter made a payment for November's rent early and the payout was initiated on October 31st, the payment will fall into the month of October on the 1099-K form despite receiving the funds in November.
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Security deposits and anything paid through the Stripe platform are reflected on the 1099-K. Please note that TurboTenant will not make adjustments to your 1099-K form. If you need to make adjustments, you will need to partner with a tax professional.

A: No, you cannot opt out of Stripe filing your 1099-K with the federal or state governments. If you meet the threshold of payments received for the state, federal, or both, Stripe will be required to report and file the 1099-K document with them.

A: 1099-Ks will be issued under the information you had for the tax year that they are reporting for. You can update your business type or name for future tax years, but the 1099-K will not be able to be edited or reissued with name or business updates retroactively. It is important to set up your information with the correct information and for you to check your rent collection information for accurate reporting.

A: The 1099-K form available in your landlord portal will be for the year 2024 and after. Please get in touch with our team to inquire further about tax forms before 2024.

A: The TurboTenant support team is not equipped to provide tax advice. For questions about your 1099-K form, you must partner with a tax professional.

A: The mailing address on your 1099-K is the address you entered when you set up your TurboTenant account to accept payments. It is not tied to the properties you’re collecting rent on, and it should not impact filing your taxes for 2025.

We’re not able to make changes to a 1099-K that has already been generated. However, if you share your updated mailing address with our team, we can update it in your account for 2026.

A: 1099-K forms are generated per entity (Individual or Business), not per bank account. If you need a separate entity for other property owners, you can add one in your account.

To add an additional entity, go to Settings → Rent Payments (or click here), then select Add Entity. You can choose either Individual or Business. Before adding the entity, confirm how you (or the property owner, if you manage properties for someone else) should be set up.

Once the entity is added and you’ve added a bank account under that entity, you can update the payment destination so future payouts are deposited into the bank account under the new entity. When this is set up, there will be one 1099-K generated per entity in 2026.

We recommend doing this sooner rather than later, because payments will continue to be paid out to the original entity until the destination is updated. As we’re unable to make changes to the 2025 1099-K form, we recommend following the IRS’s guidance for correcting information using Schedule 1 (Form 1040).

A: The 1099-K was generated by our payment processor, Stripe, based on how your TurboTenant account was set up when you began accepting rent payments.

While we can’t change a form that’s already been generated or split it by property, we’ve seen landlords with multiple properties set up an LLC for each property (this is done externally). Doing so can result in a separate 1099-K for each LLC at the end of the year.

If this is something you’re considering, let our team know, and we'd be happy to walk you through the account changes you’d need to make once the LLCs are set up.

A: I understand why you’d expect the refunded amount to be removed. However, Form 1099-K is generated by our payment processor, Stripe, and it reports all payments processed through TurboTenant during the tax year, even if a refund was later issued. Because of this, we’re not able to change or reissue a 1099-K to reflect refunds. Instead, you’ll need to use your own records to determine your net taxable income and any applicable deductions or adjustments.

Many landlords follow the IRS’s guidance for reporting a Form 1099-K discrepancy using Schedule 1 (Form 1040). If you’re unsure how to report the refund in your specific situation, we recommend speaking with a tax professional or CPA.

A: Yes, but this update will not apply retroactively to the 2025 1099-K. We’re unable to change a 1099-K that has already been generated, and we recommend following the IRS’s guidance for correcting information using Schedule 1 (Form 1040).

If you originally set up rent payments under an Individual account but you should be set up as a Business, we can help update your account type with our payment processor, Stripe.

To make this change, we’ll need IRS-issued documentation for the business, such as:

A: Yes. If you kept the same payment processing account, your 1099-K will reflect all qualifying payments processed in 2025, including payments collected while you were using Azibo and after you migrated to TurboTenant.