Paolo
Mon Jul 08 2024
|
7 answers
1205
How are crypto gifts taxed?
Could you elaborate on the taxation of cryptocurrency gifts? Specifically, how are they taxed in comparison to traditional gifts? Do they fall under the same gift tax thresholds, or are there separate rules? Are there any specific circumstances where crypto gifts may be taxed differently, such as large gifts or gifts between family members? Additionally, how are the values of the cryptocurrencies determined for tax purposes? Are there any special considerations for crypto gifts that taxpayers should be aware of? I'd appreciate a clear and concise explanation of the taxation process for crypto gifts.
