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New Member

For 2022, there were no 1099-K changes because they were delayed, right? But next year, it's going to affect me for sure. I have a small business at a summer farmers market (4 months a year and small beans) and any payments I get in through Venmo or CashApp (totaling over $600) will initiate a 1099. Also, if friends or family send money and don't click the right option, it will be listed as business income. It could cause a little extra work next year to make sure all of it is straight. I keep good records now, but next year, 3rd parties will be keeping records too and they'll need to be reconciled to agree. Hopefully it will all just work out like it's supposed to.