venmo tells the federal government on this 1099 k form prove what you paid for it. otherwise, it's all income. you could end up audited. this is a massive and what do those 87,000 new irs agents going to do? go through people's $600 things that they sell or buy in their household woomplet. we were promised the tax bill was only going to go after the super rich. $600. they are targeting you and me and anyone who is online payment steve. >> brian: it would be different if i'm buying something. on venmo i want to give my roommate the rent money so that person can go pay for the rent. so i send over $900. i'm not -- i'm paying rent. but i'm going to get taxed on the rent, the $900 i just sent to my roommate to pay the $1,800 that we owe for rent that month? >> it is unclear. the regulations have not -- this effects this year's taxes.