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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]It's going to be a mess for a lot of people. For example, if you split the cost of a hotel room, gas, tickets or meals with friends - will it be reported as income? If you sell a sofa for $600 but you paid $2000 originally but you don't have the receipt anymore? Wedding gifts? Roommates splitting utility bills? Sadly Venmo will not be practical for most people.[/quote]
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