Transfer money via Cash App, PayPal, Venmo, etc?

This is good news to share. Starting next year, if you transfer money to someone via Cash App, Venmo, paypal, etc., they are going to start sending you a 1099 for anything over $600.

The more you know.

https://www.cnbc.com/2021/03/26/its-going-to-get-harder-to-avoid-telling-the-irs-about-income-from-online-sales.html