I was wondering if its legal to sell bitcoins for cash in person using localbitcoins? I think it would be if I declared all income on my taxes. I wouldn't be a money transmitter as I would be receiving or giving the cash directly/in person. What are your thoughts on this?
Sure your not a money transmitter, unless you make a big business of doing it.
Otherwise its just exchanges and barters.
What amount in fiat is considered money transmitter? I know there is not an exact threshold number, but a range would be fine.