They can’t account for Trillions but we have to explain everything
2025-01-31 18:01:22
2287
Gun Bunny Oils :
It’s still for business transactions and does not affect personal transactions.
2025-01-31 16:47:38
745
Sventroy :
The thing is that a lot of Venmo is ‘selling used stuff on Facebook marketplace’ or whatever. You should only be taxed on gains. There is no gain on selling a $500 couch 5 years later for $200
2025-01-31 18:09:05
119
happypoopytime69 :
This is only for business accounts tho.
2025-01-31 21:25:35
129
bscaperpnw :
Nope. If i transfer money to my bank and then pay taxes on it. I’m not paying taxes twice lol.
2025-02-02 01:43:38
87
Shadow Flee :
So what if I send money through Venmo to my roommate? In order to pay my rent, I'm not paying my roommate. We're just making sure that only one payment has to go through for the rental company
2025-01-31 17:11:44
11
Kristin Hestrom Spen :
What if Venmo is used for gifting? That shouldn't be taxed. Does it only count as taxable if the transaction reflects it is a purchase?
2025-02-03 01:00:20
0
Brody Young :
My roommate pays me $500 each month just for rent. Then another $100 for WiFi and utilites. What’s this mean for me?
2025-01-31 17:49:59
3
threemags :
What about apple pay
2025-02-01 11:35:54
1
joesmithvb290 :
You stopped at a good part. How can venmo tell?
2025-02-01 12:31:56
7
Gingerwandering :
Wages are capital, and not taxable as income.
2025-01-31 20:24:09
1
Tyler :
If I pay rent with venmo will that now be taxed?
2025-02-02 14:27:48
0
blaze :
Question: I was supposed to be paid $1k, but the person sent $10k accidentally. I refunded $9k immediately but was still sent a 1099 for the $10k amount. What do I do?
2025-02-02 15:44:03
0
Skylar Hadley :
How do you see the total amount you received?
2025-01-31 22:58:59
2
Brandon Marshall :
Straight cash baby
2025-01-31 17:00:39
3
Ruthless714949 :
sending money i wont get any forms? asking for a friend
2025-02-01 02:20:10
0
username541 :
What happens if you just paid for your friends lunch and then they’re paying you back?
2025-02-01 00:14:58
1
Richard Stapleton :
my buddy venmos me so we can put sports bets together... down about $5k. they better not.be taxin me for that
2025-01-31 23:34:38
0
nebo46 :
I don't pay taxes so I don't file anyways
2025-01-31 18:24:31
20
Rich :
Cash is king.
2025-01-31 17:03:33
29
coolpapapump :
What about selling on eBay 🫣
2025-01-31 17:40:30
2
Angry_leprachaun :
Won’t pay it
2025-01-31 18:40:35
11
ChelseaStrate :
They just keep taxing us on things that we’ve already paid tax on to tax us again and again
2025-02-02 00:26:27
0
Sam Cottongim :
What if that income is already reported in another way? For something like rental payments
2025-01-31 23:36:21
1
Chandler :
Moving to cash, appreciate it!
2025-02-02 10:16:29
3
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