Venmo new income tax law

[lmayfield10]

My tenants pay their rent to my Venmo account. It is set as friends and family. However, I already claim this income when I file taxes. What do I need to do in order not to count this as income twice?

[tagteam · Accepted solution]

Simply keep track of the taxable income separately.

You will receive a 1099-K for the total transacted amount.