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by emptybottle
1617 days ago
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I'm more concerned with being double-taxed for splitting bills, then seeing small businesses receive 1099s for payments received through one of these systems. What bothers me is cases where people are taxed when being paid back for things like dinner out, or splitting a vacation rental. That income was already taxed. Using e.g. venmo to split the bill should not result in that money being double taxed as it changes hands. |
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Unless you're splitting your bill using commercial transactions, you're fine.