Venmo Tax Reporting - Stringing Services

SavvyStringer

Professional
I already report my venmo, paypal, and square charges on a yearly basis. That's part of owning a business and using those payment platforms. I do wish Venmo made it easier and would give me a yearly money received and I could just go through and subtract the things that really were personal exchanges rather than having to go through and add up all the in-flow for a year. Paypal will show you a 12 month and then I just go through and subtract the things that weren't business.
 

LOBALOT

Hall of Fame
I already report my venmo, paypal, and square charges on a yearly basis. That's part of owning a business and using those payment platforms. I do wish Venmo made it easier and would give me a yearly money received and I could just go through and subtract the things that really were personal exchanges rather than having to go through and add up all the in-flow for a year. Paypal will show you a 12 month and then I just go through and subtract the things that weren't business.
Right, I am not running a business. All the money coming in is just used to add to the string inventory.
 
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