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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]Right, very little of the money I'm receiving via Venmo is income -- usually it's someone paying me back for an expense I covered all of and then we split after the fact. That isn't taxable. How am I supposed to report it to the IRS?[/quote] I have never used any of the payment systems, although was recently thinking of doing gifts with it, or sending larger money gifts to kids this way. Anyone do it this way? [/quote]
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