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1099-K tax rules: What you need to know if you get paid via Venmo, Cash App or PayPal

While taxpayers can expect Form 1099-Ks from PayPal, Venmo, or Cash App, Zelle won’t be included in that list.

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099- K this year. (Dreamstime/Dreamstime/TNS)
If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099- K this year. (Dreamstime/Dreamstime/TNS)
UPDATED:

Technically the tax rules didn’t change: You were always supposed to report that income.

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