Why you should have a separate Venmo for business

Name: Why you should have a separate Venmo for business
Duration: 59 s
Description: The IRS struggles to distinguish personal from business Venmo payments, so keep a separate account for business transactions.

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The IRS still can't reliably distinguish personal from business transactions in Venmo, partly because people abused the family/friends checkbox. TJ explains why that matters for your taxes and shares a simple move that can save you headaches when 1099-K enforcement kicks in.

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