Quote:
Originally Posted by boxcar
These rules have been in place for a long time, Lamby. Was there a point to this thread?
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actually they just started less than a week ago. this is part of the infrastructure bill. this includes payment methods such as VNMO, Cashapp, Zelle, Paypal.
the difference to what you were thinking about is that you will be getting a 1099 from those company's and the banks that you are making your cash deposits at on a collective yearly basis. before it was $10,000 in cash for anything within a 15 day period of time, now its $600 for the whole year.
