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1099k
Our son is living with us right now. He sends us Apple Pay each month to help with his part of the expenses for groceries and utilities. It will be well over the $600. Will we receive the 1099k? If so do we need to do anything special to offset this on our 2022 taxes? Or should he be making special notations when he sends the transfer? Also, our daughter helped out a friend & her daughter by letting them live with her and they really did a number on her house. We paid to have it painted and re-floored and she’s paying us back through Apple Pay. I’m assuming we’ll get a 1099k on that as well? Is there anything we need to be doing to prepare for the 1099k?
August 31, 2022
1:23 PM