Monday, November 30, 2020

Tax on sending Bitcoin to others?

Hi,

Wondering what happens with regards to tax if someone just buys and hodls, then at some point transfers it to another person's wallet? Would that trigger a taxable event? Technically you didn't sell your bitcoin?

Or another scenario, if for arguments sake your parents or partner hodl and if they pass away (and assuming they left you keys or whatever), if you transferred bitcoin from their wallet to yours, and you then sell at some point in the future, would you then be required to pay tax?

Many thanks in advance!


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