Grayox@lemmy.ml to Memes@lemmy.ml · 1 year agoIRS be likelemmy.mlimagemessage-square38fedilinkarrow-up1937
arrow-up1937imageIRS be likelemmy.mlGrayox@lemmy.ml to Memes@lemmy.ml · 1 year agomessage-square38fedilink
minus-squareDrPoplinkfedilinkarrow-up5·1 year 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-up1·1 year ago Payments you got from family and friends should not be reported on Form 1099-K
minus-squareDrPoplinkfedilinkarrow-up3·1 year agoYes, yet this is what people are acting as if this regulations are. Keyword here is should.
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.