Treasury Calls for Crypto Transfers over $10k to Be Reported to IRS

Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by cwkoss on Thursday May 20, 2021 @03:34PM (#27225994)

Easy peasy. If you don't want to report a transaction, move from personal wallet to joint wallet. Then recipient moves from joint wallet to personal wallet.

If both parties have shared ownership and control of the joint wallet, I think this would get around the reporting requirement.

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Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by ska on Thursday May 20, 2021 @04:52PM (#27227076)

> Easy peasy.

All these sort of regulations tend to have language disallowing actions made just to avoid the requirement (see, for example, "structuring")

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Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by Edman274 on Thursday May 20, 2021 @11:18PM (#27230112)

https://xkcd.com/1494/

"Lifehack - you can just take all the luggage off the conveyor belt at the airport and leave with it. They don't check at the door!"

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Re:Treasury Calls for Crypto Transfers over $10k to Be Repor... by amanaplanacanal on Thursday May 20, 2021 @03:48PM (#27226190)

I doubt any court would agree with you on that.

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