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A comment on 310 Bitcoin challenge has been solved. Parent comment

Re:310 Bitcoin challenge has been solved by whyenot on Thursday October 11, 2018 @08:11PM (#18198084)
If the giver was in the US, wouldn't there be some gift tax or other legal problems with doing this?
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Re:310 Bitcoin challenge has been solved by gamblor956 on Friday October 12, 2018 @10:39AM (#18201722)
The prize had to be earned, therefore it is income to the recipient, not a gift. This means it is taxable to the recipient.
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Re:310 Bitcoin challenge has been solved by bprosnitz on Thursday October 11, 2018 @08:29PM (#18198169)
US gift tax is the recipients burden (above 14k)
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Re:310 Bitcoin challenge has been solved by grumpwagon on Thursday October 11, 2018 @08:51PM (#18198267)
That is almost never true (see https://turbotax.intuit.com/tax-tips/estates/the-gift-tax/L1...). Gift taxes are nearly always the givers burden.
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