If you receive $600 or more payments in total for goods and services through a third-party payment network, such as Venmo, Cash App, or Zelle, these payments will now be reported to the IRS.
Mainly affects providers, but the fact they are tracking transactions in general is good to know. You can probably get away with friend ending money, but ...
Some examples of nontaxable income are:
Money received from a friend as a reimbursement
Money received from a roommate to pay their share of the rent
Money received from a loved one as a gift
https://www.forbes.com/advisor/taxes...f-600-or-more/
Warning for Cash App type users
