So a friend of mine made an attempt to help me get a little extra folding green on the side by helping me to download and figure out how to cash out on the many phone games that let you cash out prizes in the form of either a direct transaction or gift card to Paypal. My concern now is do I have to report that cash out on my taxes next year and if so, how do I go about doing it?
Welcome to the PayPal Community Forum! This is a great question. I pulled a Help Center article you may find useful: Will PayPal report my sales to the IRS?
I hope that helps!
- Jon K
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