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Venmo, Zelle and PayPal must now report $600+ transactions to IRS
- sharemywin 5y agoThat's annual total I'm pretty sure.
- csben 5y agoIt looks like reporting is only required for commercial transactions. Reporting for personal transactions hasn't changed.
- landemva 5y agoI had understood the mentioned firms are going to do this reporting voluntarily. Glad I dropped PayPal a year ago (locked my funds, terrible communication, awful customer care).