J72Rose
New Member

Venmo transactions

Hello,

 

My grad school daughter and two college roommates recently rented an apartment together. The roommates are sending my wife and I their share of the rent via Venmo, and then we are writing a check to the landlord. This is because the landlord only wants a single check every month. Are we going to be taxed on receiving these Venmo payments that are above $600 every month? If so, we need to find a new arrangement for paying the rent....

 

Thanks in advance!