PadSplit Host Tax Reporting

PadSplit reports annual gross income collected on behalf of hosts using the IRS Form 1099 and similar state-level income reporting forms. 

Primary Reporting: Form 1099-K

2025 reporting guidelines: The 2025 guidelines for Form 1099-K have a minimum reporting threshold of $20,000. 

• Unique Taxpayer Name/IDs with more than $20,000 in total gross collections in aggregate across all properties will receive a 1099-K from PadSplit. 
• Unique Taxpayer Name/IDs with less than $20,000 in total gross collections in aggregate across all properties will not receive a 1099-K from PadSplit.

Which Hosts will receive a Form 1099-K? 1099-K forms will be aggregated based on (1) Payout Host and (2) Taxpayer Name. 

• If multiple Payout Hosts use the same Taxpayer Name/ID, separate 1099-K forms will be generated for each Payout Host
• If a single Payout Host has multiple Taxpayer Name/IDs, they will receive a 1099-K form for each taxpayer.

Where to find the form: The 1099-K form will be generated and loaded to the Documents section of your PadSplit Host account by January 31, 2026. You can access this page directly by going to https://www.padsplit.com/host/documents, or by clicking the dropdown menu at the top right of your Host Dashboard and selecting “Documents”. 

W-9 taxpayer information: Hosts should ensure the taxpayer name, ID, and address for each payout account is up to date. Visit https://www.padsplit.com/host/earnings/payout-account/list to review all accounts. Click “Edit” next to each account to see W-9 details, and overwrite if required. 

Want to know more about W-9 requirements? See  PadSplit Host W-9 Data Collection

Secondary Reporting: Form 1099-MISC

IRS Form 1099-MISC will be used to report income information related to referral payments. The 1099-MISC forms will be loaded to the PadSplit Host or Affiliate account of the recipient of the referral bonus payment.

Frequently Asked Questions

FAQs regarding Changing Payout Hosts

I purchased an existing PadSplit mid-year. The property was transferred from another host to my account - how will this be reflected in the 1099-K?

PadSplit aggregates income for tax reporting based on the specific payment method used each month. You will only see income reported on your 1099-K for the months in which you received the host payout. Income generated for payouts made to the previous host will be included in the previous host’s 1099-K.

I sold an existing PadSplit mid-year. The property was transferred from my host account to another host - how will this be reflected in the 1099-K?

PadSplit aggregates income for tax reporting based on the specific payment method used each month. You will only see income reported on your 1099-K for the months in which you received the host payout. Income generated for payouts made to the new host will be included in the new host’s 1099-K.

My property did not change ownership mid-year, but the Payout Host listed on the property did change mid-year. How will this be reflected in the 1099-K?

If payouts were made to two different taxpayer IDs in a given year (e.g. a previous owner and a current owner), a 1099-K form will be sent to each taxpayer only for the gross income tied to funds they received.

FAQs regarding 1099-K Reconciliation

How do I reconcile my PadSplit cash distributions with the income reported on the 1099-K?

• On your Host Earnings Dashboard (https://www.padsplit.com/host/earnings), find the section entitled “Payout report for period”. 
• Update the filters to pull from Dec 2024 through Nov 2025. 
• Click “Export CSV (12 months)”
• From the ZIP file, open the file “summary.csv” - the Gross Collected in Column G should match your Form 1099-K. This CSV file also provides details of the PadSplit Fees that were deducted from Gross Income in tax year 2025.

Troubleshooting: I cannot match my 1099-K form to the Gross Collected figures downloaded from my Host Earnings Dashboard.

The summary.csv file may not match your 1099-K for one of the following reasons:

• You purchased an already-operating PadSplit property: when a PadSplit property is transferred from one Payout Host to another, all historical income information comes along with it. 
  • Suggested Action: Remove the income information for the months prior to when you were added as Payout Host
• You sold a PadSplit property to another host: when your PadSplit Host profile is removed from a property, that property’s income information is removed from your Earnings dashboard. 
  • Suggested Action: If you do not have income information downloaded from before you transferred ownership to the new Host, please reach out to support@padsplit.com and we can work to get you the data you need.