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How much money can you have in a paypal account before you have to pay tax on it?


How much money can you have in a paypal account before you have to pay tax on it?

Unlimited. Merely putting money in a PayPal account does not trigger a taxable event, in and of itself. It's nothing more than a specialized bank account. Putting money in the bank doesn't trigger taxes.
Bostonian is correct. Just having money in a PayPal account means nothing.

It is the reason why you have money there that may cause you to have to pay taxes on the money.
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