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Is it better to itemize additional income by payer or by source (PayPal, Venmo)? For example: if all together I made $909 via PayPal being paid by two separate payers. John Smith paid $266 on 10/1

 
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Coleen3
Intuit Alumni

Is it better to itemize additional income by payer or by source (PayPal, Venmo)? For example: if all together I made $909 via PayPal being paid by two separate payers. John Smith paid $266 on 10/1

You do not need to do any of this if you did not receive a 1099-Misc. If your income is from various sources but for all the same type of business, you can add the amounts and enter the total.

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Coleen3
Intuit Alumni

Is it better to itemize additional income by payer or by source (PayPal, Venmo)? For example: if all together I made $909 via PayPal being paid by two separate payers. John Smith paid $266 on 10/1

You do not need to do any of this if you did not receive a 1099-Misc. If your income is from various sources but for all the same type of business, you can add the amounts and enter the total.

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