Hi Ntrammell56, thanks for posting question.
The Venmo payments fall into the Third-Party Payment Network transactions. For tax year 2022, if the gross payments for goods or services exceeds $600, Venmo will issue a Form 1099-K for the TOTAL AMOUNT (amounts greater than $600, amounts less than $600 added together).
In your income tax return, Schedule C Profit or Loss from Business, your gross revenue includes cash, checks, 1099-K, 1099-Misc etc. Your gross revenue should be no less than the 1099-K amount if there is no other revenue source.
Below is for your information.
General FAQs on Payment Card and Third Party Network Transactions
https://www.irs.gov/payments/general-faqs-on-new-payment-card-reporting-requirements
Hope the above clarifies.
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