Post
Topic
Board Legal
Re: Transfering bitcoin to another person account on coinbase tax question
by
avikz
on 08/04/2019, 04:14:00 UTC
Can anyone guide me, is this considered gifting someone if you send over bitcoin to another familymember on coinbase? How do you file this on tax form?

In a normal scenario, it won't be taxable! But a lot depends on the country you are living in. I presume you are from US and if this is true, you can show it as a gift!

The below article will shed some light on your question for sure,

https://www.investopedia.com/university/definitive-bitcoin-tax-guide-dont-let-irs-snow-you/definitive-bitcoin-tax-guide-chapter-2-bitcoin-commerce-taxable-events-c-gifts-and-tips.asp