Get paid via Venmo, Etsy or Airbnb? Here's what you need to know before tax season

Get paid via Venmo, Etsy or Airbnb? The tax rules are changing.

If you get paid through apps like Venmo or PayPal or platforms like Etsy or Airbnb, preparing your taxes next year may be a little more confusing than usual.

A new tax reporting rule requires third-party payment platforms to issue you and the IRS a 1099-K for business transaction payments if they add up to more than $600 over the course of the year. A business transaction that is taxable is defined as a payment for a good or service, including tips.

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