"Friends and Family" - Do I need to report to the IRS?
JenJen007
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Posted on
Jun-04-2022
08:11 PM
Hi, I sold furniture to my friend today and they paid via "Friends and Family". Will I need to report this sale to the IRS regardless of the amount? Thanks!
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sharpiemarker
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Jun-04-2022
08:18 PM
PayPal does not report friends and family payments transactions on the 1099-K to the IRS.
That said, if you sold something, you can include it in your income tax as other income. Please consult with tax professional.
Kudos & Solved are greatly appreciated. 🙂

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