Hi, I have a few questions about how PayPal works. If you have a PP balance that can be transferred to a bank does PP report this to the IRS over $600? Do they report larger bank transfers from your balance? Also, at what point will they send me a tax form? I don't use PP to sell anything. I only get some small earnings from survey sites with some gift cards or PP as extra side cash. I don't know if this needs to be reported as earned income to IRS though or is it considered a one-time payment since it's not consistent. It seems like they should've sent me a tax form but I've yet to see one over the years.
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