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Reply to "So people will be taxed on venmo and zelle transactions?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I received about $1000 for a large Fourth of July party from several family members and put it all towards the food and drinks. Will this be taxed?[/quote] No. Nothing has changed regarding what's taxable income.[/quote] But Venmo is going to send a form to the IRS saying they sent me these payments, no?[/quote] Right, depending on how your Ex sent the money. But no matter what, this form doesn't change whether or not you owe taxes. I don't know if you need to pay taxes on child support. I wouldn't think so, but this form doesn't change that.[/quote]
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