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You Could Owe Taxes This Year if You're Paid Through Venmo, PayPal or Cash App. Here's Why
Third party payment apps are required to send you a 1099-K tax form if you made more than $5,000 on the platform in 2024.
You could see this tax form for the ‘first time ever' this season, taxpayer advocate says
You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.