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Venmo and CashApp transactions over $600 per year will be taxed

2022-01-26T20:03:54.489Z

The new rule went into effect on January 1, which is why application providers will have to file a 1099-K form for businesses that receive revenue from services and exceed this figure per year.

Source: telemundo

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Venmo and CashApp transactions over $600 per year will be taxed

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