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I see the exemption limit before a payment processor company sends a 1099-K has been lowered from $20,000 to $600.00. What does this mean to our tribute receiving dommes? I can't see how it would affect gifts of goods, not cash. 

Will it change your taxes?

I am not up to date as I am a spender, not a recipient.

Thoughts?

Topics: taxes, 1099-k, tributes
Last update on January 15, 4:12 pm by Pauley playtoy-OwnedByPB.