turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Akram11
New Member

Zelle

I got a money from a friend (651$ By zelle) as he bored this money before from me, but he sent the money from his business account, so will I pay taxes on it?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

Zelle

Money that was lent and repaid is not taxable income ... only interest you may have charge on the loan would be listed on an income tax return. The fact that he repaid using a business account doesn't change the nature of the payment.  Make sure your friend doesn't try to 1099 you for this ... talk to him now and make this clear. 

Akram11
New Member

Zelle

Can he do a 1099 without knowing my SSN and my address?

Zelle

He can try but just using your name  but it will not be easy. 

Akram11
New Member

Zelle

he told me that his business and personal account in the same time, so is that can be true?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies