does cash app report personal accounts to irs reddit

Starting January 1 2022 if your Cash App Business account has gross sales of 600 or more in a tax year Cash App must provide a Form 1099-K to the IRS. Is there any tax I have to pay if I receive a decent amount of money in my personal cash app account.


Starting January 1 2022 Cash App Business Transactions Of More Than 600 Will Need To Be Reported To The Irs R Cryptocurrency

Taxes are based on the source of the income not on the account they are received.

. Cash App formerly known as Squarecash is a peer-to-peer money transfer service hosted by Square Inc. 53K subscribers in the CashApp community.


Starting January 1 2022 Cash App Business Transactions Of More Than 600 Will Need To Be Reported To The Irs R Cryptocurrency


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