910
IRS be like (lemmy.ml)
submitted 1 year ago by Grayox@lemmy.ml to c/memes@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] DrPop@lemmy.one 5 points 1 year ago

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.

[-] XeroxCool@lemmy.world 1 points 1 year ago

Payments you got from family and friends should not be reported on Form 1099-K

[-] DrPop@lemmy.one 3 points 1 year ago

Yes, yet this is what people are acting as if this regulations are. Keyword here is should.

this post was submitted on 01 Dec 2023
910 points (96.7% liked)

Memes

50260 readers
1114 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 6 years ago
MODERATORS