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Important update: Earlier this year, the IRS announced that the new threshold for receiving a 1099-K would be $600. As of December 23, 2022, the IRS announced that it would delay this change and revert back to the original 1099-K threshold of $20,000 and more than 200 transactions. We're aware that this impacts our sitter community and who will be eligible to receive a 1099-K for the 2022 year. The information below reflects the most up-to-date eligibility requirements. |
Note: This article is for any U.S. sitter who received payments through Stripe. For questions about payments received via PayPal or check, visit this article.
For general tips on taxes as a sitter on Rover, visit this page.
What is a form 1099-K?
How do I know if I will receive a form 1099-K?
Where can I find my 1099-K summary?
How will I receive my 1099-K?
When will I receive my form 1099-K?
The number on the 1099-K doesn't match my earnings. Why?
What is being reported on my 1099-K?
How do I know if my tax info is correct for my 1099-K?
Who do I contact if I have other questions about my form 1099-K?
What is a form 1099-K?
A 1099-K is an information report that marketplaces, such as Rover, must file each year with the IRS and various state tax authorities if the payments we process for you exceed $20,000 and 200 transactions.
How do I know if I will receive a form 1099-K?
You’ll receive a Form 1099-K if you received more than $20,000 of gross payments and 200 transactions for services booked on Rover in a year and you received your payments for those services via Stripe.
The following states have different requirements to receive a 1099-K:
| Washington D.C., Illinois, Maryland, Massachusetts, Vermont, and Virginia | Must have at least $600 in gross earnings |
| Arkansas | Must have at least $2500 in gross earnings |
| Mississippi | Must have more than $600 in gross earnings |
| New Jersey | Must have at least $1,000 in gross earnings |
Where can I find my 1099-K summary?
If you've met either the state or federal eligibility thresholds to receive a Form 1099-K, you can find a 1099-K summary under the Documents section of the Payment History tab. This summary provides you with a reconciliation of the information on Form 1099-K and your net earnings through Rover. It is not a replacement for Form 1099-K or any of your own tax documentation, but we hope it's a helpful resource when filing your taxes.
How will I receive my 1099-K?
If you chose to receive your forms electronically, you'll get an email from Stripe at the end of January with a secure link to access your 1099-K online.
If you didn't consent to electronic delivery, you will receive a copy by mail to the address you provided when you initially set up your account for payment via Stripe.
How to opt in for electronic delivery of your 1099-K:
Be on the lookout for an email from Stripe (express@stripe.com) in the coming weeks to verify your tax information. This email will also give you the option to specify whether you want to receive your 1099-K electronically in January.
If you need to change your preferences again after replying to the email, please contact Rover Support from the help center.
Note: If you don’t verify your tax information with Stripe or didn't consent to electronic delivery, you'll receive a physical copy by mail using the address we have on file for you.
When will I receive my form 1099-K?
Your digital version will be available by January 31st. Mailed copies should arrive at your address by the third week of February.
The number on the 1099-K doesn't match my earnings. Why?
Reportable gross payments include Rover’s service fees and any sales tax collected. Keep in mind that this is before any refunds or discounts. This means the amount reported on your 1099-K will be higher than the earnings you received in your bank account, but these additional amounts are not taxable to you.
The IRS is aware that this form does not report net income. You should continue to report and pay tax on only your earnings and keep records that support the amounts declared on your tax return.
What is being reported on my 1099-K?
We are required by the IRS to report gross payments for bookings we have processed on your behalf. Reportable gross payments include Rover’s service fees and any sales tax collected. This is before any refunds or discounts, which means the amount reported on your 1099-K will be higher than the earnings you received in your bank account. These additional amounts are not taxable to you.
We know taxes can be confusing to navigate, so we’ve partnered with a trusted tax partner on this comprehensive PDF guide made just for sitters on Rover. It provides a breakdown of the information and materials you’ll need to file taxes for your earnings through Rover.
Note: Keep in mind that the amounts reported on your 1099-K issued by Rover only include gross payments for bookings that were deposited through Stripe. If you also received payments via check or PayPal in the year, please visit this article.
How do I know if my tax info is correct for my 1099-K?
Rover will use the name, social security number, address, and email address we had on file for you when you initially set up to receive payments via Stripe.
To view and update this information from your Rover account, follow these steps:
- From the Rover app, tap More > Payments. If you're on a computer, open your dashboard.
- Tap Manage Payout Methods
- Select Update payment details and click the pencil icon below the Personal Details section.
- Hit Submit.
You'll also receive an email from Stripe to verify the tax information we have on file for you. Keep an eye out for an email from express@stripe.com in November to verify your information and make an election on how you want to receive your 2022 tax form.
To ensure we reflect these updates on your 1099-K for the year, all updates to your tax information must be received before December 16th.
| Note: If you aren't seeing this email from Stripe to verify your tax information, please contact Stripe Express Support here. |
Who do I contact if I have other questions about my form 1099-K?
Please sign in at the top of the Rover Help Center and click the contact button at the bottom of the page to send an email to Rover Support.