GabPay, and supposedly Zelle doesn't do it.
Yeah, no. Everybody understands you're not liable to pay taxes on the losses, the problem is you get the darn 1099 from PayPal/Venmo and have to account for it and prove that you don't owe taxes. I'd rather just skip the 1099 in the first place and leave me alone. Everything I sell is at a loss so I don't need one of the new 80k IRS agents looking through 1099's and my receipts from something I bought 10 years ago and decided to sell to determine if I owe taxes or not.
That's what it's really about to me. The "man" trying to force control on every aspect of our lives.