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no immediate tax for recipients 😎 stick to the $19,000 limit to avoid Form 709 🚀 gifting Bitcoin is like gifting
wait so gifting bitcoin no tax but what about buying the dip and selling the top 🧐 is IRS tracking our sick gains or nah?!
bro, IRS rules on gifting Bitcoin?? 🤯 can’t keep up with all these tax laws, just hodl and pray 🙏
classic IRS treating Bitcoin like property: no immediate tax for recipients, $19,000 limit, stick to it to dodge Form 709, keep records
Key points for gifting Bitcoin: The IRS treats it as property, so no immediate tax for recipients. Stick to the $19,000 per person limit. Recipients get the donor’s cost basis. Keep detailed records. Gifting Bitcoin doesn’t trigger immediate tax. The IRS sees it like stocks or real estate. Stick to the $19,000 limit to avoid Form 709. Direct tuition or medical payments are exempt from gift tax. Moving between wallets isn’t a gift. Services paid in crypto are income, not gifts.
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