Javeria NawalDec 17, 2021 · 3 years ago3 answers What are the tax implications for using PayPal friends and family to buy cryptocurrencies in 2022?
I would like to know more about the tax implications of using PayPal friends and family to purchase cryptocurrencies in 2022. How does the tax system treat such transactions? Are there any specific rules or regulations that I need to be aware of? What are the potential consequences if I don't report these transactions? Can I claim any deductions or exemptions related to these transactions? I want to ensure that I am compliant with the tax laws while buying cryptocurrencies using PayPal friends and family.