DinosaurMuffins
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Hi,
I need someone to explain it to me like I am 5 how to buy crypto/bitcoin that are not on platforms like coinbase because I don't want to pay taxes on it. I am "sending" funds to an "old pal of mine". He is then mailing be a thank you package. If I send more than $600 on coinbase, it triggers tax forms. I can't have that happen.
Im a geriatric millennial and the crypto scene was never my thing. Can someone let me know how to work around this? I know the "gifting" limit is 15k and under. But Coinbase doesn't look at "sending" money as a gift. So basically how do I buy crypto outside one of these big corps and how do I send it.
I need someone to explain it to me like I am 5 how to buy crypto/bitcoin that are not on platforms like coinbase because I don't want to pay taxes on it. I am "sending" funds to an "old pal of mine". He is then mailing be a thank you package. If I send more than $600 on coinbase, it triggers tax forms. I can't have that happen.
Im a geriatric millennial and the crypto scene was never my thing. Can someone let me know how to work around this? I know the "gifting" limit is 15k and under. But Coinbase doesn't look at "sending" money as a gift. So basically how do I buy crypto outside one of these big corps and how do I send it.