Business & farm

Actually, CashApp is actually sending people a 1040 form in there tax section of their app. It is not a 1099-k. On the 1040, CashApp has line 12 (standard deduction) filled in, and like 14 as well here.

 

I think this is just a marketing scheme to get to use CashApp for doing taxes, but not 100% sure here..

 

(PS. I do others taxes. This is really unusual, and not a reported tax form they are doing..