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A comment on Venmo, PayPal and Zelle must report $600 in transactions to IRS. Parent comment

Re:Venmo, PayPal and Zelle must report $600 in transactions ... by _dark_matter_ on Tuesday January 18, 2022 @12:14PM (#29982256)
This is the amount accumulated. So e.g. 30x $20 transactions, not $600+ arts and crafts.
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Re:Venmo, PayPal and Zelle must report $600 in transactions ... by TameAntelope on Tuesday January 18, 2022 @12:16PM (#29982292)
Yeah, it doesn't matter from a tax perspective. You don't pay more on additional transactions.
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