Taxes on Venmo Transactions..? (Everything You MUST Know)

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In this video, we're going to discuss the IRS taxation of Venmo transactions. We'll answer all of your questions about whether or not Venmo or other peer to peer type transactions are taxable and how to protect yourself from potentially paying taxes on non taxable transactions.

If you're ever in doubt about whether or not a Venmo transaction is taxable, be sure to watch this video! We'll explain everything you need to know about Venmo taxation, so you can avoid any troublesome tax bills!

Instructions for Form 1099-K - https://www.irs.gov/pub/irs-pdf/i1099k.pdf

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