Additional Tax when I send crypto

mernstackpor
Contributor
Contributor

I want to buy crypto and send it to others, In this case, I should pay the additional taxes?

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3 REPLIES 3

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@mernstackpor 

 

Here are the applicable fees:

Buying, Selling, and Transferring Cryptocurrencies


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mernstackpor
Contributor
Contributor

I just want to know about taxes if I should pay the additional taxes when I buy the crypto and send it to others on my US paypal.

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PayPal_JonK
Moderator
Moderator

Hi everyone! Thank you @sharpiemarker for your help getting a resolution started on this thread. We greatly appreciate all your help. 

 

@mernstackpor, welcome to the PayPal Community! This is a great question. Unfortunately, we're unable to give specific tax advice related to receiving payments or crypto-currencies. I would recommend reviewing the following Help Center article for assistance: Do I have to pay Taxes on my Crypto?
 

You're also welcome to reach out to our Customer Support teams for further clarification. 

 

Best wishes!

 

 - Jon K


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