Hi Anggiew65, thanks for posting the question.
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Make sure payments to you or others are properly classified as an amount paid for something other than goods or services where possible. On sites like PayPal and Venmo, a payment can be designated whether it is to family and friends or a business transaction for goods and services. This designation will determine if the transaction(s) result in the issuance of a Form 1099-K.
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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-...
You can check with the friend if he made such designation when effecting payment, and also keeps good records for future tax reference.
Hope this helps.
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