Post
Topic
Board Legal
Topic OP
cryptocurrency gift tax
by
Unsaint32
on 07/05/2021, 23:33:19 UTC
If I buy some bitcoin worth $1K, including free and cost, then one year later it is worth $2K.  At that time, I give it to my friend.  My friend then sells it for $2K.  Then, does my friend have to pay tax?