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28993594 No.28993594 [Reply] [Original]

>Someone gives you some free cryptos or stable coins
>It’s not a gain therefore it’s not taxable

>> No.28993839

>>28993594
>Someone gives you some free cryptos or stable coins
>It’s not a gain therefore it’s not taxable
It's a 100% gain, dimwit.

>> No.28993947
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28993947

>>28993839
Gifts aren’t taxable though

>> No.28994203

>>28993839
>grandpa gives you $100 for birthday
>IRS makes you pay capital gains tax on it
Is this really how it works?

>> No.28994371

>>28993947
we should start gifting each other crypto then.

>> No.28994434

Probably count as a transaction

>> No.28994493

you actually owe taxes on it immediately, dumbass.

>> No.28994629
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28994629

>>28994493
No because you wouldn’t owe taxes on gifts

See>>28994203

>> No.28994680

>>28994371
Let's make a gift based exchange with boating bridge.

>> No.28994770

>>28993947
they are tho?
you can gift stocks and still get taxed on the profit

>> No.28994781

>>28993594
I'm not sure about that. But one thing is certain: losing your Monero wallet in a boating accident would be very sad, though.

>> No.28994855

>>28993594
What if i give the crypto to someone and then they give it back to me
No taxes right

>> No.28994906

>>28994770
the person who gives is liable for the difference between what they acquired it and the value when they give it away
in canada that's how it works

>> No.28994959

>>28994203
Over 15K per year in gifts is taxable

>> No.28994996

>>28993594
people can give you stocks retard that doesnt mean its tax free

fuck people are retarded

>> No.28995395

>>28994906
same in my cunt

>> No.28995545

>>28994996
The tax isn’t on you though

See >>28994906