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Comment by TedDoesntTalk

17 days ago

Were the payments considered income?

2 comments

TedDoesntTalk

Reply

jermaustin1  16 days ago

Yes, but they were under the 1099 reporting limits, while they both owe taxes on them, neither were required to report it to the IRS... assuming this is the one and only time they paid each other for services rendered.

direwolf20  16 days ago

Yes, but they just didn't tell the IRS and nobody was any the wiser

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