Do PayPal Report to IRS?
Yep, PayPal definitely reports to the IRS if you surpass $20k in gross payment volume AND 200 transactions in a calendar year.
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They do if you hit the $20K and 200 transactions mark. Otherwise, you're good.
Yes, PayPal reports to the IRS if your transactions meet the thresholds for reporting, so keep an eye on those numbers!
Been using PayPal for years, and trust me, if you hit those thresholds, Uncle Sam will know!
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