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Is friends and family going to be 1099 for over $600? I have friends that pay me for dinner, vacations, etc. Not business related.
@CaptureItDesign
Friends and family transactions are excluded. You have to make sure the sender categorizes the payment correctly when they send or you’ll have the burden of reporting it on your taxes or contacting PayPal to fix it.
Is there two different 1099 being issued? What is a 1099-E?
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