Do I have to pay taxes on Cash App personal account?

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2024-10-10 07:41:43 -

In general, all revenue received through your Cash App personal account is subject to taxes. This comprises: Gifts: Cash is usually regarded as taxable income, even if you receive it as a gift on Cash App. Selling goods: You must declare the money as income and pay taxes on any profits if you sell goods using cash app taxes. Business transactions: You must include the income and expenses on...

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