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adaptcycle
Returning Member

PayPal 1099-K for sending money to my Wife

-deleted

aniweaver
New Member

PayPal 1099-K for sending money to my Wife

Isn't there a "Friends and Family" option for paying with Paypal? They don't deduct fees and it is like just transferring money to another person.

PayPal 1099-K for sending money to my Wife

@aniweaver,
I need to pay with a credit card as a "purchase". The "Friends and Family" option doesn't work anymore with a credit card as it now charges the card as a cash advance. It used to be coded as a purchase.

aniweaver
New Member

PayPal 1099-K for sending money to my Wife

You are correct. When I had the option to pay friends and family with a credit card they wanted to take off 3% or so as fees. Can't you pay friends and family with a credit card, but you would have to pay the fees from the cc company. Would it then be a business expense?

AmyC
Expert Alumni

PayPal 1099-K for sending money to my Wife

No, paying money to family is not a business expense.

 

@aniweaver

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