Quote:
Originally Posted by slidekellyslide
I would think that using paypal gift or friends all the time would be a huge red flag for the IRS. I know that most people here using it just don't want paypal to cut into their profit on a sale, but I think the IRS looking at it would see a lot of money moving around between "friends".
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IRS does not look at it unless you receive $20k or more than 1k transactions in a given calender year. Those 20k in transactions have to be REGULAR paypal as well.