I regularly sell old items around the house and also arrange to pickup goods for other people out of town and they will send me small amounts for gas money to bring back their items. I use both paypal and Venmo to receive payments. The individual transactions are small, but over the year I accrue more than $600 in money received for both Paypal and Venmo.
Is the threshold $600 annually, or in a single transaction? If it starts turning into a tax issue, it may not be worth it for me to continue doing these things.
