83 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 24 comments share 24 comments share save hide report block hide replies
Theoretically this only applies to businesses, but as someone who has made a few bucks selling excess stuff over the last 2 years, both on eBay and GunBroker, I will be watching closely how this goes.
Did you move your selling somewhere else?
I used to make a lot on eBay, but haven't done it in a couple years. This development is giving me pause about returning.