In 2011, I received: 2 "random" deposits into my personal (bank) checking account -- for "verifying" it with Paypal. AND 2 "Cash Back" deposits into my personal PayPal account -- for adding my bank account and paying with it. totaling over $10. Knowing that receiving a gift (cash, a "toaster", etc.) worth over $10 as an incentive to open a bank account is treated by the IRS as "interest income" (and so taxed), I wonder whether the total amount I received from PayPal is taxable as well. Is it?
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