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Bitcoin Discussion
Re: transferring bitcoin to paypal
by
stevegee58
on
04/03/2018, 19:16:46 UTC
Quote from: Stingray1970 on March 04, 2018, 07:09:39 PM
Below 20k USD.
Then you're probably good as far as tax is concerned. As long as your deposits to Paypal are <$20K for the year.
Paypal IRS reporting:
https://www.paypal.com/us/selfhelp/article/How-does-PayPal-report-my-sales-to-the-IRS-Will-I-receive-a-1099-tax-statement-FAQ729
Coinbase reporting:
https://support.coinbase.com/customer/portal/articles/2924446-irs-notification