peter303_ t1_iyf23bs wrote on November 30, 2022 at 10:27 PM

Note, the threshold for 1099 reporting of internet cash activity was lowered from $20,000 a year to $600 a year, starting for the 2022 tax year. Venmo's FAQ says that is for goods and services. Splitting a restaurant check or a utility payment should be marked personal instead.

AutoModerator t1_iyf23m4 wrote on November 30, 2022 at 10:27 PM

Here's a link to the PF Wiki for helpful guides and information.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

ofmiceandmermaids OP t1_iyf2qd2 wrote on November 30, 2022 at 10:31 PM

That's good to know