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New Member
posted Apr 15, 2021 8:00:43 AM

So I have to disclose if I utilized a paypal account for personal (NON business) transactions? (ie: sending birthday money)

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1 Replies
Expert Alumni
Apr 15, 2021 8:17:40 AM

No, you do not have to disclose on your tax return that you have a PayPal account for personal transactions.

 

If you receive money in it, just keep the proof that the money received is not taxable income.