Neergaard WeeksJan 30, 2022 · 3 years ago6 answers Is there a tax-exempt limit for cryptocurrency transactions between friends and family via PayPal?
I would like to know if there is a tax-exempt limit for cryptocurrency transactions between friends and family via PayPal. Are there any specific rules or regulations regarding this type of transaction? How does the tax authority treat such transactions? Can you provide some guidance on how to handle the tax implications of cryptocurrency transactions within personal networks?