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Is PayPal income taxable

Updated: 12/10/2022
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Wiki User

11y ago

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Yes, because all income is taxable unless you have an exception, write-off, or similar. There are tax tools built within your account to make your books easy. If you search "PayPal IRS" in your search engine you will see that the IRS has taken notice of individuals not reporting Paypal income. Therefore, just like a bank Paypal sends the information to the IRS if you hit their threshold. See the related link for further information.



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