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D
dillonf24
February 8, 2022
Question

I received a 1099-K form but I am not self employed. My wife and I use Venmo and Google Wallet to split bills. These are not taxable payments so do I have to report it?

  • February 8, 2022
  • 1 reply
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1 reply

M
MinhT1
February 8, 2022

If the Venmo and Google wallet are private transactions and do not represent income for you, then you do not have report the form 1099-K on your tax return.

 

You have to keep these forms in your tax records together with any proof you may have that the transactions do not constitute income.

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