Money transfer without getting taxed
Hi,
I'm trying to help a friend out with their rent, and I've been researching how to transfer 1k. I've just been thinking of just sending payment over venmo or something, but I'm worried I'll be taxed for a transfer of that size (which I think I might, since it may be a business payment?) Am I right to be worried?
Also, is there just an easier way that I missed? Thanks
Thanks for the responses
u/handwrittenlobster — 4 hours ago