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Get your taxes done using TurboTax
You are still required to report all income received from all sources on both your federal and Virginia income tax returns.
The transaction reporting thresholds for online merchants do not affect the amounts you are required to report and pay income tax on. When you enter your Paypal income into TurboTax the program will automatically carry it to your Virginia return to calculate the proper amount of state tax you have to pay on it.
‎January 27, 2021
7:17 AM