Gifting Bitcoin Is One Way a Person Can Avoid Paying Crypto-Taxes

Gifting Bitcoin Is One Way a Person Can Avoid Paying Crypto-TaxesAfter the newly written U.S. tax laws recently passed, cryptocurrency investors realized the tax-free exemption filing 1031 for IRS reporting is no longer applicable to their digital asset investments. The law also implies that a lot of people will have to pay taxes on every single transaction they processed throughout the past twelve months. However, […]

The post Gifting Bitcoin Is One Way a Person Can Avoid Paying Crypto-Taxes appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico