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<blockquote data-quote="CHenry" data-source="post: 4072534" data-attributes="member: 6281">I sent what you posted to my tax lady to get her take. Here it is&quot;My question is, has this guy read up on how they are requiring the people who receive a 1099k to report that? He says not a reportable event, but I can promise If we don&#039;t include it on the tax return, the IRS will come back and add it to your return, and send you a bill.&nbsp; So I am going to have to figure out how to show it as received and then given away to be sure you aren&#039;t taxed. This is a new thing for 2023, there hasn&#039;t been much guidance even given to us that are current and up to date on tax laws, let alone anyone else. So I am not sure that &quot;old tax guy&quot; really is aware of the change that they haven&#039;t even made a decision on how to handle completely. However, if he has some kind of knowledge or information on how this will be handled, I would love to know where to find it.&#039;</blockquote>

[QUOTE="CHenry, post: 4072534, member: 6281"] I sent what you posted to my tax lady to get her take. Here it is "My question is, has this guy read up on how they are requiring the people who receive a 1099k to report that? He says not a reportable event, but I can promise If we don't include it on the tax return, the IRS will come back and add it to your return, and send you a bill. So I am going to have to figure out how to show it as received and then given away to be sure you aren't taxed. This is a new thing for 2023, there hasn't been much guidance even given to us that are current and up to date on tax laws, let alone anyone else. So I am not sure that "old tax guy" really is aware of the change that they haven't even made a decision on how to handle completely. However, if he has some kind of knowledge or information on how this will be handled, I would love to know where to find it.' [/QUOTE]

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