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August 31, 2022
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Venmo new income tax law

  • August 31, 2022
  • 1 reply
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My tenants pay their rent to my Venmo account. It is set as friends and family. However, I already claim this income when I file taxes. What do I need to do in order not to count this as income twice?

    Best answer by Anonymous_

    Simply keep track of the taxable income separately.

     

    You will receive a 1099-K for the total transacted amount.

    1 reply

    August 31, 2022

    Simply keep track of the taxable income separately.

     

    You will receive a 1099-K for the total transacted amount.