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Zelle® does not report transactions made on the Zelle Network® to the IRS. The law requiring certain payment networks to provide forms 1099K for information reporting does not apply to the Zelle Network®. Visit Does Zelle® report how much money I receive to the IRS? (https://www.zellepay.com/faq/does-zelle-report-how-much-money-i-receive-irs)
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Does Zelle® report how much money I receive to the IRS?
Zelle® does not report transactions made on the Zelle Network® to the IRS. The law requiring certain payment networks to provide forms 1099K for information reporting does not apply to the Zelle Network®.
https://www.zellepay.com/faq/does-zelle-report-how-much-money-i-receive-irs
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