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vorcha2
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Posted on
Nov-30-2022
12:47 PM
I transferred money from my wife's account to mine and accidently recorded it as "services" will this be taxed and can I get it corrected since it was not a payment but a transfer?
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1 REPLY 1
sharpiemarker
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Nov-30-2022
02:42 PM
It will be recorded and counted towards the $600 threshold of 1099 requirement and can be potentially taxed. Consult a tax professional on how to reconcile it on your tax return.
Kudos & Solved are greatly appreciated. 🙂
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