Venmo and PayPal Users Need to Know This
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Venmo and PayPal Users Need to Know This
🔥 Big update for anyone using Venmo, PayPal, Etsy, or any payment app OB-3 changed the 1099-K rules for 2025. You will only receive a 1099-K if you have both: ️ $20,000 in payments ️ 200 transactions This means far fewer 1099-Ks will be issued… …but remember, you still must report all income, even if you don’t receive a form. If ...
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IRS lowers threshold for reporting Venmo, Paypal, Apple Pay and digital wallets
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