Related Posts
Decided to payoff my mortgage.
Is retail quant trading on a massive rise?
Nyc couple with $0.5m in income who feels average

Custodial or 529 for child?
anyone gonna buy any calls before market close?
More Posts
Is Canarsie in Brooklyn a safe area to live in?
FAR, what a pain..that’s all
Any carpal tunnel tips? First timer here
Anyone else experiencing pencils down?
Hey does anyone know anything about ESA letters?
Additional Posts in Personal Investment Chatter
Tendies? 😊 🤚💎🤚
GME and AMC are not doing well today 😂
New to Fishbowl?
unlock all discussions on Fishbowl.





Bowl Leader
They are stepping up 1099 reporting by lowering the thresholds, correct? They and other similar services SHOULD ignore friend to friend transfers as it will be a reporting nightmare if you get a 1099 for shared expenses/gifts. I know they are trying to catch small businesses that are"forgetting" to report income but that would lead to thousands of false positives.
If they do report those then the burden will seemingly fall to you to document why this is not income. Would you include in your return then zero it out in case they try to match to the 1099?