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Replying to Avatar Leviticus Mathew

Is there a "straw purchase" law for Bitcoin? If my friend gives me $250 and I buy $250usd worth of Sats on my exchange and tansfer to them IMMEDIATELY, theres zero profit for me, so there should be zero taxes. Does that create a problem I'll have to deal with?

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Luke 4mo ago

Technically I think you have to claim it as a sale, and a profit towards your income I believe. You really should ask a cpa…

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