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source https://www.reddit.com/r/btc/comments/jf89jb/another_150_million_tethers_got_minted_and_btc/
Wednesday, 21 October 2020
another 150 million Tethers got "minted", and BTC jumps once again ^^
source https://www.reddit.com/r/btc/comments/jf89jb/another_150_million_tethers_got_minted_and_btc/
12k boys!!
Bitcoin Breaks $12,000 Mark During Record Setting Run https://coinstats.app/news/GAcygEE9OF_Bitcoin-Breaks-12000-Mark-During-Record-Setting-Run
via @coinstats_
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Transfer BTC Ownership From Personal -> LLC - Taxes?
Here’s the example scenario:
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I buy 1 BTC at $10,000 in a Coinbase account owned by my personal name like “Brad Henderson”.
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3 months later, this 1 BTC coin is now worth $40,000.
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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”.
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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)
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