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Level 3
January 28, 2022

If I paid a client with VENMO, how do I issue them a 1099

  • January 28, 2022
  • 2 replies
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    2 replies

    qbteachmt
    Level 15
    January 28, 2022

    You don't issue a 1099. You need to read the 1099-K regulations so that you can support your clients for whom you are guiding them and preparing their income taxes:

    https://help.venmo.com/hc/en-us/articles/4410097047315-What-to-Expect-for-Tax-Season

     

    Don't yell at us; we're volunteers
    abctax55
    Level 15
    January 28, 2022

    Hi there,

    You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

    Cheers!

    OR maybe

     

    Hi there,

    You’ve come to an Intuit site supporting Lacerte, ProSeries, or ProConnect Tax Online products. Please visit the QuickBooks Help site for the answer to your question.

    Cheers!

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