Bitcoin Forum

Economy => Exchanges => Topic started by: qiaoyuyuyu on February 10, 2018, 10:17:05 PM

Title: Can I exchange $10000 money with friends?
Post by: qiaoyuyuyu on February 10, 2018, 10:17:05 PM

hi guys
Is it legal to give my friend my country's currency to get equivalent USD in cash from them in US?

Title: Re: Can I exchange $10000 money with friends?
Post by: fuckfbi on February 10, 2018, 10:30:42 PM

Digital currency owners are currently obliged to pay taxes when they exchange it for dollars or physical goods, but the new rule now effectively means all crypto transactions are a taxable event.

Read more here:

http://fortune.com/2017/12/21/bitcoin-tax/

Title: Re: Can I exchange $10000 money with friends?
Post by: qiaoyuyuyu on February 11, 2018, 01:56:05 AM

Quote from: fuckfbi on February 10, 2018, 10:30:42 PM

Thank you

Title: Re: Can I exchange $10000 money with friends?
Post by: qiaoyuyuyu on February 11, 2018, 07:04:22 PM