Hey,lets say I use a trader and trade for a total of $20K BTC.The $20K BTC was made from trading bitcoin to altcoins and vice versa.Would I get taxed on said 20K?
And are traders themselves taxable?
so you don't want to trade on your own, but give someone else money to trade with this?
In most countries it is not allowed to buy/sell bitcoins with money from other persons without a money transmitter license, so you have to call it different. Maybe a loan to the trader with interest.
A normal trader, who trades private with his own money of course has to pay taxes. In some countries it is normal income tax.
If you do it the way described above with a loan, of course the trader has to pay the taxes. And you have to pay taxes on the interest you got. (the trader can deduct the interest paid to you from his taxes)
I'm not a lawyer nor a tax consulant