As I understand, today the taxman treats bitcoin as another asset like a stock. You bought some, you sold some and you pay a capital gains tax.
It’s not fully clear for me how the taxman treats when you sent your bitcoin to another person. I think they may (or already) treat it as a sale, then you are liable to pay the capital gain tax.
To summarize, the less the gov knows about you bitcoin , the better.
keel / Keel
npub1l7…5jzaa
2023-07-31 17:27:30
in reply to nevent1q…pwfq
Author Public Key
npub1l7x3yvns649kwey8e3kkpc6a20eamf37f7yqkgt8r8x0eq8mql7qp5jzaaPublished at
2023-07-31 17:27:30Event JSON
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"content": "As I understand, today the taxman treats bitcoin as another asset like a stock. You bought some, you sold some and you pay a capital gains tax.\n\nIt’s not fully clear for me how the taxman treats when you sent your bitcoin to another person. I think they may (or already) treat it as a sale, then you are liable to pay the capital gain tax.\n\nTo summarize, the less the gov knows about you bitcoin , the better.",
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