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Apple Cash transfers

If I send  money from my  debit card into  my  Apple Cash balance account ….( then decide  to transfer  whatever balance is left over to my  bank) is that considered a transaction that’ll I’ll have to report to the IRS  if I go over the $600 limit? 

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5 Replies
MinhT1
Expert Alumni

Apple Cash transfers

No.

 

Money transfers between your various accounts do not have to be reported on your tax return, whatever their amounts.

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Apple Cash transfers

I have multiple Visa /Mastercard  Gift cards, do those get reported if I send that money into my Apple Cash account

DianeW777
Expert Alumni

Apple Cash transfers

No. This is not part of the third party network reporting of  the $600 limit as our awesome Tax Expert @MinhT1 indicated.

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Apple Cash transfers

 thank you  for answering, just wanted to be sure .

Apple Cash transfers

Understood , thank you for answering my question 

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