You’ll only receive a 1099-K for 2023 if you:

1. Earned more than $20,000 in gross earnings and had more than 200 transactions in 2023, or;

2. Reside in a state that has a lower qualifying threshold, including District of Columbia ($600+), Illinois ($1,000+), Maryland, ($600+), Massachusetts ($600), Missouri ($1,200+), New Jersey ($1,000+) Vermont, ($600+), and Virginia ($600+).

On your 1099-K, the IRS requires the reporting of unadjusted gross sales (what we’re calling “gross earnings”), defined as transactions without adjustments for credits, fees, reimbursements, or any other amounts.

In other words, the “gross earnings” value, reported on your “Tax information” page, is the total amount of the transactions processed by Turo and hasn’t been reduced by Turo fees, plus any other payment received from Turo (i.e. host incentives). So the gross earnings reported in your 1099-K will exceed the total amount you received from Turo.

Your gross earnings should match the value in box 1a on your 1099-K.

You can access a breakdown of your annual earnings on your "Tax information" page. On your “Transaction history” page, you can obtain specific transaction details from the receipts from your individual trips or download your entire transaction history.

Gross earnings include trip earnings, Turo fees, host incentives, and host fees, but doesn’t include reimbursements or sales tax.

On the other hand, your earnings chart shows your trip earnings after sales tax, host incentives, and reimbursements, but doesn’t include Turo fees or host fees.

The gross earnings value is only used for tax reporting purposes.