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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 LorenPechtel on Tuesday January 18, 2022 @12:56PM (#29982969)
But how does the IRS know what's what? What happens when you have both business and personal transactions with someone?
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