Post
Topic
Board Legal
Re: cryptocurrency gift tax
by
countryfree
on 20/05/2021, 11:03:39 UTC
If I buy some bitcoin worth $1K, including fee 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?

You made the gain, so you and only you have to pay capital gain tax if there's one where you are.