What to Know About the New 1099-K | Venmo & Cash App Users

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2 years ago
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The new 1099-K rule requires payment processors, like Venmo, Cash App, or PayPal, to report gross payments over $600 to the IRS. Here is what you need to know!

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LINKS: https://www.irs.gov/newsroom/get-ready-now-to-file-your-2022-federal-income-tax-return
https://www.irs.gov/businesses/understanding-your-form-1099-k
https://help.venmo.com/hc/en-us/articles/4407389460499-2022-Tax-FAQ

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

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