Global Feed Post Login
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?

Avatar
Vitamin E 4mo ago

I don’t know the answer but recommend talking to a CPA who is well versed in Bitcoin

@satoshipacioli is the one I know of!

Reply to this note

Please Login to reply.

Discussion

No replies yet.