Lets say I have a Coinbase account and buy 100$ worth of bitcoin with it. Then, I send the bitcoin to my friends wallet. Later down the line the friend converts that bitcoin to money. Does the Coinbase account owner pay the taxes on it, or the friend? As I understood it, buying bitcoin isn't a taxable event, and neither is transferring it. It's only when you trade it for goods or services or money. So the friend would be responsible for it, and not the Coinbase owner, right?
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