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Van owns residential rental property. His tenants pay rent through Venmo. In addition, he has a weekly get-together with friends where they try new restaurants.

Van owns residential rental property. His tenants pay rent through Venmo. In addition, he has a weekly get-together with friends where they try new restaurants. Whoever picks the restauarant pays the tab, and the others reimburse through Venmo. For 2022, Van received form 1099-K from Venmo for all these transactions. How will his tax preparer handle the form

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