3 ms·
I've met one person in my entire life that has to deal with a 1099-K. I've met a lot of people and have been around for a handful of decades.
by brewdad 4y ago
I've met one person in my entire life that has to deal with a 1099-K. I've met a lot of people and have been around for a handful of decades.
- refurb 4y agoYou realize they changed the rules this year, but delayed implementation? The threshold used to be $20,000/200 transactions, but it's going to $600 for even a single transaction. Your friend sends you $1000 for a shared vacation? That's a 1099-k. Your roommates send you $1000 as their share of the rent? That's a 1099-k. Sell your car for $5,000? That's a 1099-k. None of those are actually taxable, so you need to sift through the 1099-Ks you receive to see which ones need to be reported and which ones don't.
- UncleMeat 4y agoHuh? Isn't Venmo excluding the friends&family transactions?