2206515

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

posted

Connect with an expert

1 Reply

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

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post