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Most of these 1099s are going out to people who owe little or no tax on the transactions, such as people who split restaurant bills worth more than $600 over th
by injeolmi_love 3y ago
Most of these 1099s are going out to people who owe little or no tax on the transactions, such as people who split restaurant bills worth more than $600 over the course of a year.
- astrange 3y agoNo, it doesn't apply to family and friends payments. https://help.venmo.com/hc/en-us/articles/4407389460499-2023-Tax-FAQ#:~:text=Anyone%20who%20met%20the%20%2420%2C000,qualifying%20users%2C%20it's%20worth%20noting https://help.venmo.com/hc/en-us/articles/4407389460499-2023-... In crypto of course you have to do all that bookkeeping yourself.