Monday, September 26, 2022

If my parents buy me crypto and I pay them, is it taxable?


full image - Repost: If my parents buy me crypto and I pay them, is it taxable? (from Reddit.com, If my parents buy me crypto and I pay them, is it taxable?)
I am under 18, but would like to buy crypto while we are at a dip. Most bitcoin atms require ID and I cant go drive for a long time every time I want to buy. Is it a taxable event for anyone if my parents buy me crypto, and I pay them for it?


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