News for hackers. Stuff that matters.

A comment on The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees. Parent comment

Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by soared on Tuesday June 30, 2020 @10:31AM (#23690396)
In the us you would get taxed https://www.irs.gov/businesses/small-businesses-self-employe...
[ Parent | on HN ]
Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by thebean11 on Tuesday June 30, 2020 @10:39AM (#23690481)
You're assuming the Bitcoin changed hands though. Transaction doesn't necessarily imply that.
[ Parent | on HN ]
Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by selectodude on Tuesday June 30, 2020 @10:40AM (#23690496)
That’s if you give it to somebody else. If you’re transferring your own money there’s no fee.
[ Parent | on HN ]
Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by DangerousPie on Tuesday June 30, 2020 @01:31PM (#23692554)
You get taxed for the gift, not for the transaction. You'd have to pay the same taxes if you used BTC.
[ Parent | on HN ]