My question is, I am selling bitcoin to a trusted individual, he sends me PayPal for bitcoin. He will be sending me $5,000 in PayPal per day and I will be sending him $4,750 in bitcoin per day keeping $250. Do I need a license to conduct this or any other tax advice I should know about? Thanks.
It's possible and legal to do it, lot of people in this forum offer that kind of trade. But the error will be if the user who made the paypal payment specifí it was used to buy bitcoin, it can be a payment under marketing services or something like that. That way PayPal will be happy with the transaction and you will avoid any kind of problem.