Post
Topic
Board Bitcoin Discussion
Re: Resell from KYC
by
NotATether
on 10/05/2024, 13:27:21 UTC
He will have tax obligations and unnecessarily worries about how I will handle those specific sats he sends me?

If he is a US person, then taxes only apply when there is a capital gain.

Since he is immediately sending the bitcoins to you, it can be recorded as an immediate sale in his tax return (I think??) so there should be no capital gains to be dealing with as long as the sale is done immediately after the purchase.