Question

Receiving payment via Venmo or Paypal

Forum|Forum|3 years ago
August 31, 2022
1 reply
0 views

How do I file taxes for money accepted via PayPal and Venmo for a job completed?

Hi Cutlos, Thanks for the question.

Regardless if you receive a 1099-K (issued for $600 and above) from PayPal and Venmo for the job completed, you should report the amount received as a self employment income on Schedule C and claim all the related business expenses to earn that income.

Hope this helps.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"