So I sold some graded cards to gamestop and they paid me through venmo but I never received a 1099k even though I sold above the threshold for tax purposes. How would I go about filing this with turbotax? This is my first time filing anything more than a basic return. Thanks in advance for any help!
do they really pay via venmo?
4 Likes
Sounds like a manager is taking cards at 60% value and reselling on the side.
14 Likes
Damn this sounds super sketch
6 Likes
You serious, Clark?
What’s the threshold you’re referring to? Technically any profit from reselling collectibles is income and therefore taxable
2 Likes
Yeah they do. Its a bit of an odd process (including having a scanner read your venmo QR code), but does work out in the end.
Huh, well you learn something new every day. I guess Venmo is as legit as any other method. Just seems weird. Idk unprofessional maybe?
1 Like
A little but at least it isnt cashapp
Cashapp is NOT this bad 
If it was venmo friends and family it doesn’t count towards the $5,000 limit from 2024
The 600 dollar threshold I was referring to. I was under the impression if you sold goods over the limit you’d automatically receive a form. So I’m confused if I file using a 1099K or another form. Sorry about the confusion. I honestly regret selling a part of my collection but it is what it is.
The threshold was $5000 for 2024.
5 Likes
Didn’t know Gary was part of DOGE. Can’t wait to see him interview along side Elon
I was actually shocked when he took a suit case of $150k cash from Logan ON CAMERA lol
A classic meme 
15 Likes
this is just epic lmao
4 Likes
Now that is some good comedy. The conflict in his eyes…
3 Likes
The hard “no” and then cut to black is what gets me
4 Likes