Will I receive a 1099k for personal cash transfers between family members

usgradea
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Will I receive a 1099k for personal cash transfers between family members

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

@usgradea 

 

Transactions that are sent with the friends and family option are not included on the 1099-K. If they end up being included, refer to ClearValue Tax YouTube channel for their videos on the $600 New Tax rule for advice on how to deal with it: https://youtu.be/92sX4kS5XNQ


Kudos & Solved are greatly appreciated. 🙂
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