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Thread: If I get $1000+ from neopets items in my Paypal

  1. #1
    Reemer's Avatar
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    If I get $1000+ from neopets items in my Paypal

    Would that be unlawful because no one paid taxes?

  2. #2
    utahclock's Avatar
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    Yes, and no.

    YES according to the IRS it is an income gain.

    But to me No, what they dont know about they cant stick you with it.

  3. #3
    Pestix's Avatar
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    Getting any money from neopets is technically unlawful lol

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    Trinket (06-03-2012)

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    Yes, it's essentially the same as if you were a trader on eBay, you have to pay taxes on the net income and report it to the IRS.
    Last edited by Hexx; 06-03-2012 at 05:55 PM.

  6. #5
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    Just remember everything you do here is techincally illegal and could have consequences if caught, but the chance of being caugt is low if you dont brag about it.

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    I thought Paypal reported it?

  8. #7


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    Quote Originally Posted by Ryan~ View Post
    I thought Paypal reported it?
    I doubt it, Paypal aren't responsible for the tax returns of their users so I wouldn't think they'd report it unless it was something like suspected money laundering etc.

  9. #8
    utahclock's Avatar
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    And how can they report a false name ? like Utah Clock ?

    ---------- Post added at 05:43 PM ---------- Previous post was at 05:42 PM ----------

    Ill just say 1 year ago I got lucky got some items that sold I made a ### profit. I never paid tax on it. but Im not braggin about it either.

  10. #9
    Mama Tiger


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    One, you have to make more then 9k a year to even have to report it, so your 1k is no where near that. Two, Paypal would only report it if you made over 20k SALES (not gift) and 200 SALES transactions in a year. I make 3k a month and still never hit that and I'm fine.

  11. The Following 6 Users Say Thank You to Kylae For This Useful Post:

    jjudd43 (06-04-2012),Kad (06-03-2012),Pestix (06-04-2012),Reemer (06-03-2012),Trinket (06-03-2012),utahclock (06-03-2012)

  12. #10

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    Awe, Reemer your puny 1k doesn't touch her millions. >.>

  13. The Following 2 Users Say Thank You to Ryan~ For This Useful Post:

    Kad (06-03-2012),Kylae (06-03-2012)

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