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Started By
Message
re: The IRS is coming for your Venmo income
Posted on 6/8/22 at 4:05 pm to LouisianaLady
Posted on 6/8/22 at 4:05 pm to LouisianaLady
There is a 20k limit.
If you busting the limit becomes a serious issue, and you are too ignorant to figure out the other 50 apps available, then you deserve to pay the tax.
If you busting the limit becomes a serious issue, and you are too ignorant to figure out the other 50 apps available, then you deserve to pay the tax.
3
Posted on 6/8/22 at 4:08 pm to fightin tigers
quote:
There is a 20k limit.
If you busting the limit becomes a serious issue, and you are too ignorant to figure out the other 50 apps available, then you deserve to pay the tax.
It is now $600 per selling place. On any platform. On ebay if you sell $600 you have to fill out a form and report. On mercari if you sell $600 you have to fill out a form.
Not everybody selling small items around the house are trying to make profits/running some business. This is so stupid to have to deal with.
This post was edited on 6/8/22 at 4:10 pm
Posted on 6/8/22 at 4:09 pm to fightin tigers
quote:
If you busting the limit becomes a serious issue, and you are too ignorant to figure out the other 50 apps available, then you deserve to pay the tax.
do let's play out a hypothetical here...not real life.
someone has a side hustle that brings in 3/4000 per year. all very small transactions. $25-$100. is it going to affect this person??
Posted on 6/8/22 at 4:14 pm to fightin tigers
quote:
There is a 20k limit.
Sorry, I meant now if they're removing the limit.
I think I misread the story
This post was edited on 6/8/22 at 4:15 pm
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