Cryptocurrency Taxation and Gift Tax Exemptions: What You Need to Know

Let’s say you’re feeling generous. You bought some Ethereum back in 2017, and now it’s sitting pretty. Your younger cousin just got into crypto, and you want to give them a jumpstart by gifting them a fraction of your stash. Seems simple enough, right? Just send the crypto, call it a gift, and everyone’s happy.

But then—bam!—tax season rolls around, and …