Thanks for the feedback. You are probably right. I was just doing some research because I had remembered that the IRS was starting as of this December 2022 to look at re-accuring transition from Venmo and other payment apps. I was also reading several articles stating that the transactions do not need to be 10K in a lump sum, just if you have more than 10K in deposits from various otherwise not reported income such as deposits from an employer. Basically looking at money coming in and what's going out to look for red flags. Perhaps that didn't get passed but the articles I was reading seemed as though it had. I'll try and find some that I was looking at and send tomorrow. I also remember CNBC bringing this up earlier in the year in relation to AirBNB transition that move to off the table through payment apps after the initial stay and payment on the platform. However, I think Zelle is excluded for some reason for now. However, the banks can still report. As for records I definitely don't keep track but I am sure I could pull a lot of it up online in the event of an audit. The IRS has been doing more shotgun audits recently using software. However, I do appreciate your response I do feel a little more at ease.
