Got a 1099k for a payment received via Venmo

[nosedoc]

I got reimbursed for concert tickets by a friend via Venmo ($800) last year.  I just got a 1099-k because of this.  This is not income so how do I deal with this form for taxes?  I live in Virginia and read the cutoff now to get a 1099k is $600.

[MindyB]

Yes, you are correct in that you do not have to pay taxes on reimbursements from friends. 

Here is how to report this in TurboTax Online:

• Within your tax return go to the magnifying glass icon on the top right, type 1099-K and select the Jump to 1099-K link in the search results
• Choose Add a 1099-K
• The next screen will ask "Which type of income your 1099-K is for?" choose Personal item sales, then Continue
• Enter the information from your 1099-K
• After you choose continue, the next screen will show "Personal Item Sales". Here is where you choose "All items were sold at a loss or had no gain"