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re: The $600 reporting threshold is now required by the IRS. Ticket resellers are not happy!!
Posted on 9/27/23 at 9:17 pm to Dday63
Posted on 9/27/23 at 9:17 pm to Dday63
quote:You need to keep up. Zelle isn't playing this game.
The reporting rule only applies to transactions,not reimbursements or gifts. There is a chance Zelle would send you a 1099-K, but you wouldn't owe taxes on it.
1
Posted on 9/29/23 at 10:31 am to Diamondawg
quote:
You need to keep up. Zelle isn't playing this game.
Zelle is not a payment processor. It is a transfer service. Venmo and paypal process payments.
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