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Money and Finances
Reply to "So people will be taxed on venmo and zelle transactions?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it became effective Jan 2022. So you can expect a 1099 from Venmo, PayPal, etc. in the next couple of months if you made over $600 on them this year.[/quote] I didn't, no small business here, but other people who have little side hustles will suffer. Although I see the point.[/quote] The point is that income is income. You were never entitled NOT to pay taxes on profits from your business. This just makes it harder for people to cheat.[/quote]
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