Maaz KhanDec 17, 2021 · 3 years ago2 answers What are the tax considerations when Bankmanfried gifts his father cryptocurrency?
When Bankmanfried gifts his father cryptocurrency, what are the tax considerations that need to be taken into account? How does the tax treatment differ for gifts of cryptocurrency compared to other assets? Are there any specific rules or regulations that apply to cryptocurrency gifts? What are the potential tax implications for both Bankmanfried and his father? How should they report the gift on their tax returns?