Grayox@lemmy.ml to Memes@lemmy.ml · 2 years agoIRS be likelemmy.mlimagemessage-square38fedilinkarrow-up1938
arrow-up1938imageIRS be likelemmy.mlGrayox@lemmy.ml to Memes@lemmy.ml · 2 years agomessage-square38fedilink
minus-squareXeroxCool@lemmy.worldlinkfedilinkarrow-up3·2 years agoMost importantly being that this limit, form, and change is for businesses. This is not for personal accounts.
minus-squareDrPoplinkfedilinkarrow-up5·2 years 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-squareXeroxCool@lemmy.worldlinkfedilinkarrow-up1·2 years ago Payments you got from family and friends should not be reported on Form 1099-K
minus-squareDrPoplinkfedilinkarrow-up3·2 years 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.