Here’s the example scenario:
-
I buy 1 BTC at $10,000 in a Coinbase account owned by my personal name like “Brad Henderson”.
-
3 months later, this 1 BTC coin is now worth $40,000.
-
I now set up a different account at a crypto exchange. This account is owned by a business entity of mine like “Green Revival LLC”.
-
I transfer the 1 BTC from my personal account under “Brad Henderson” to my business account under “Green Revival LLC”.
THE QUESTION
Do I have to pay any tax at any point here or am I free to simply shift the ownership of my coins like this?
(BTW I am the sole owner of this LLC)
[link] [comments]
No comments:
Post a Comment