zelle 1099-k Tax form - Friends ki money transfer

[raccharambola]

looks like we need to pay 30% tax if we cross 600 dollars per year. How to transfer money to friends and roommates? koncham cheppandi?

[csrcsr]

3 minutes ago, raccharambola said:

looks like we need to pay 30% tax if we cross 600 dollars per year. How to transfer money to friends and roommates? koncham cheppandi?

Niku vachinda that might not be true

[raccharambola]

5 minutes ago, csrcsr said:

Niku vachinda that might not be true

ee year nundi apply avutundi..definite ga naa transfers more than 3k untayi per year. 

 

[Anta Assamey]

I am not sure where you got the information... I heard of reporting but definitely not about paying tax...

[csrcsr]

3 minutes ago, raccharambola said:

ee year nundi apply avutundi..definite ga naa transfers more than 3k untayi per year. 

 

It's only for business not for personal transfers 

[csrcsr]

Malli a thread title kuda 1099k form endi bro I know for missleaneous or income reporting but vachintalu chepestunav

[JANASENA]

Venmo 

Cashapp

[raccharambola]

2 minutes ago, JANASENA said:

Venmo 

Cashapp

both are falling under 1099 k scanner

[JANASENA]

5 minutes ago, raccharambola said:

both are falling under 1099 k scanner

no you have transfer as a friend, I do it for my transactions

[Spartan]

u dont need to pay taxes unless u r getting it for business transaction u just need to report it 

[phatposts]

1099k is reportable income. That does not mean taxable income. 

 

[CherryGaru]

1 hour ago, raccharambola said:

looks like we need to pay 30% tax if we cross 600 dollars per year. How to transfer money to friends and roommates? koncham cheppandi?

Fake News alert !!!

[kittaya]

1 hour ago, raccharambola said:

looks like we need to pay 30% tax if we cross 600 dollars per year. How to transfer money to friends and roommates? koncham cheppandi?

business account kii idii  not for individual