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Is Cryptocurrency Taxable When You Give or Receive It as a Gift?

Updated Version for 2023:    • Is Cryptocurrency Taxable When You Gi...   Thinking about gifting crypto this year? In the US, the gift giver must provide a gift letter identifying the days of acquisition and cost basis for the cryptocurrency gift. Check out the video below to avoid any IRS issues when you send or receive crypto as a gift. #crypto #cryptocurrency #tax #taxseason #IRS For more updates and information on crypto tax follow our social media: Twitter: @gordonlawltd Instagram: @thegordonlawgroup Facebook: @GordonLawLtd https://gordonlawltd.com The information contained in this video, as well as any linked articles, videos, or posts, is intended for general informational and educational purposes only. This information is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Viewers should not rely upon any information contained within for legal advice, and should seek legal advice before taking any action with respect to the matters discussed herein. Commenting or interacting with this video does not create an attorney-client relationship. Messages or other forms of communication that you transmit to Gordon Law Group will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged or confidential. This material may be considered an attorney advertisement.