Hi tamsolo, thanks for posting the question.
I believe below link answers all your questions.
Quote
What if a payment app mistakenly sends me a 1099-K after a meal with friends?
The law is clear that money received as a gift or reimbursement of a share of a meal should not be reported on a 1099-K. But mistakes may happen.
Next year, if you erroneously receive a 1099-K, you will have to contact the payment app company to request they send a correction to the IRS. This could be time consuming and affect how fast your return will finish being processed.
Unquote
TAS Tax Tip: Use caution when paying or receiving payments from friends or family members using cash payment apps
https://www.taxpayeradvocate.irs.gov/news/tas-tax-tip-use-caution-when-paying-or-receiving-payments-...
Hope this helps.
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