gave my sister $1000
If I gave my sister $1000, does that does send a red flag to the IRS to audit me? Confused about the new $600 1099 ruling. Thank you
If I gave my sister $1000, does that does send a red flag to the IRS to audit me? Confused about the new $600 1099 ruling. Thank you
No, that would be a gift and one which does not need to be reported.
The Form 1099 variants are for trade and business reporting only.
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