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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No.
Money transfers between your various accounts do not have to be reported on your tax return, whatever their amounts.
I have multiple Visa /Mastercard Gift cards, do those get reported if I send that money into my Apple Cash account
No. This is not part of the third party network reporting of the $600 limit as our awesome Tax Expert @MinhT1 indicated.
thank you for answering, just wanted to be sure .
Understood , thank you for answering my question
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