Will the new IRS reporting requirments in 2022 apply to friends and family payments over $600?

[smitra82]

Will the new IRS reporting requirements apply to Paypal Friend and Family option? My husband and I are separated and he sends me money via Paypal weekly for groceries, bills etc. 

[sharpiemarker · Accepted solution]

@smitra82 

No.

[smitra82]

TY! 

[imctn]

Are you sure?  My accountant said ALL transactions including family and friends.  Would be nice if paypal would clarify.