Am I going to be taxed on Venmo payments I receive for my childs softball team as the team manager?

[ShaneMcCormick]

I handle the finances for my daughters travel softball team.  I receive monthly dues from parents of my child's softball team over the course of the year via Venmo.  I don't keep any of the money and just pay out bills/costs for the team for equipment, tournaments, training facilities etc.. .  Am I going to receive a 1099 on thousands of dollars and owe taxes on the amount that I was Venmo'd throughout the year?

[Paul_W1]

Hi Shane,

This is an excellent question.  Venmo is a third party payment processor.  Depending upon how you are set up, you might not get a 1099-K.  A 1099-K will trigger for all payments over $600.  Then the IRS will get alert by the payment processor.  So based upon what you are providing, it would not appear that you are going to get a 1099-K.  As far as a 1099-NEC, this is for someone you work independently as a contractor.  You are probably not a contractor to Venmo which I have not even heard of anyone able to do so.  I did find some resource about venmo.  See below and hopefully this helps.  Happy holidays.

https://www.keepertax.com/posts/venmo-1099