Taxpayer and spouse filing a joint personal tax return each maintain separate bank accounts. Taxpayer pays all household bills. The spouse uses Zelle to transfer $2,000.00 per month to the taxpayer from her account. Taxpayer receives a 1099-K for $24,000.00. How would you treat the 1099-K on their personal return?

Answer rating: 100% (QA)

The 1099K form reports income received through thirdparty payment networks like Zelle In this case t... View the full answer