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Old 12-24-2021, 04:59 AM
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GotGrunt GotGrunt is offline
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Originally Posted by camarojoe View Post
What about paypal "friends and family" transactions? My understanding is that as long as they continue to allow those, they do not count towards your 600.00 threshold, just as they do not count towards the 20K threshold now.
You will receive a 1099 either way; it will be up to you to sort it out with the IRS come tax time. That being said, Paypal, Venmo, Cashapp, etc. will all start asking for SSN soon just as ebay has already been doing.
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