minus-square@XeroxCool@lemmy.worldlinkfedilink3•7 months agoMost importantly being that this limit, form, and change is for businesses. This is not for personal accounts.
minus-square@DrPoplink5•7 months agoThat is for businesses, Cash app PayPal venmo etc,to report to the IRS that you had this source of income. 1099k has to deal with Internet transactions. This is absolutely for personal accounts.
minus-square@XeroxCool@lemmy.worldlinkfedilink1•7 months ago Payments you got from family and friends should not be reported on Form 1099-K
minus-square@DrPoplink3•7 months agoYes, yet this is what people are acting as if this regulations are. Keyword here is should.
Most importantly being that this limit, form, and change is for businesses. This is not for personal accounts.
That is for businesses, Cash app PayPal venmo etc,to report to the IRS that you had this source of income. 1099k has to deal with Internet transactions. This is absolutely for personal accounts.
Yes, yet this is what people are acting as if this regulations are. Keyword here is should.