Raffaele
Sat Aug 31 2024
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7 answers
1223
Is sending crypto a gift or a taxable payment?
Hello there, I'm curious about something related to cryptocurrency transactions. I've heard differing opinions on whether sending crypto as a gift constitutes a taxable payment or not. Could you clarify this for me? Specifically, what factors determine whether a crypto transfer should be considered a gift or taxable income for the recipient? And how does this differ from traditional financial gifts or payments? I'd appreciate any insights you can provide on this topic.
