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TNTab
Returning Member

Using PayPal and CashApp for money transfer

If I’m using PayPal or cashapp to receive money from family to pay toward school, is that required reportable income? It’s almost like child support, but it’s not, by law. 

1 Reply
Bsch4477
Level 15

Using PayPal and CashApp for money transfer

If the money is a gift there are no tax consequences for you. 

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