Venmo, Paypal, Cash App must report payments of $600 or more to IRS ... The change was made when the American Rescue Plan was passed in March 2021 - Kotaku In Action 2 - The Official Gamergate Forum

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Venmo, Paypal, Cash App must report payments of $600 or more to IRS ... The change was made when the American Rescue Plan was passed in March 2021 (thealteran.com)

posted 2 years ago by xleb2 2 years ago by xleb2 +83 / -0

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– HallucinatoryBeing 7 points 2 years ago +9 / -2

There's nothing "theoretical" about it; if you made $600 or more in sales annually, you're getting a 1099-K. The onus is then on you to explain to the IRS how the items you've sold were at a loss (i.e. a yard sale) or at a profit (a business).

Hope you kept your receipts.

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