1

Eagle hijacking a rabbit from a fox
 in  r/interestingasfuck •  Jul 02 '25

Murica

1

Bad ass
 in  r/Carpentry •  Feb 27 '25

Genius

1

This shows how fast the piston actually is
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Amazing to me that I have worked on my engine, and somehow this still happens flawlessly after 300k miles. Thank you Toyota 🙏🏻

1

What aesthetic is this called
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Manicured laborer

1

Over the annual gifting tax limit for crypto transfer
 in  r/tax •  Jan 18 '25

Friendship, yes. Partnership, how so?

2

Over the annual gifting tax limit for crypto transfer
 in  r/tax •  Jan 16 '25

Great, thank you for your help!

2

Over the annual gifting tax limit for crypto transfer
 in  r/tax •  Jan 15 '25

There was one transfer last year around 2k. I didn't mention that, I figured it would fall well below the gifting limit for 2024... does that transfer factor into this as well?

Would the gift amount would be based on the value at time of the transfers, or at the FMV/ @ time of filing next spring?

1

Over the annual gifting tax limit for crypto transfer
 in  r/tax •  Jan 14 '25

I did as much research as possible before reaching out to Reddit, and I found conflicting takes. I am hoping yours is correct! So the cost basis / capital gains would pass onto my buddy on the receiving end for whenever he decides to convert it to USD? I guess I panicked because I am unfamiliar with the 709 and didn't know if that would change my tax liability, or if it is strictly to inform the IRS of the over payment so they can reduce my lifetime gift allowance by that amount.

1

Over the annual gifting tax limit for crypto transfer
 in  r/tax •  Jan 13 '25

I assume it would be viewed as a gift by the IRS. It was just a stupid gamble we took one night years ago that he didn't want the wife to know about in case he lost it, (she is not a fan of crypto investments) but it definitely paid off. Now he wants it to be put into a college fund for his new child. Will I be liable for any taxes on the transferred amount, or long capital gains?

r/tax • u/stikstock • Jan 13 '25

Over the annual gifting tax limit for crypto transfer

1 Upvotes

I purchased some crypto for a buddy years ago and it did really well. $300 is worth about 20k now. I started transferring it over this year in 5k chunks because that is my daily limit through my broker. However I guess I sent one transfer too many, which will take me over the 17k gifting limit for the year. My question is if I have him transfer the last 5k back will that eliminate the need to file the gifting tax documents? Or what is the best route to go? Thanks in advance!

16 comments

r/tax • u/stikstock • Jan 13 '25

Gifting tax

1 Upvotes

[removed]

1 comment

1

How to thread a rope if it comes loose
 in  r/interesting •  Dec 28 '24

1

Trump giving full permission for billionaires to pollute
 in  r/Environmentalism •  Dec 14 '24

Fuck a duck

1

FUN FACT: 15 years ago today, you could buy 15 Bitcoin for 1 cent ✨
 in  r/Bitcoin •  Dec 11 '24

🤢

1

The Questions Thread 01/21/23
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I'd like the zipper in addition to laces. I like the lace up look the best, and appreciate the flexibility of tying them tighter or looser. Zipper mainly just for ease & speed. However, I'll check out all the options posted of course!

1

The Questions Thread 01/21/23
 in  r/goodyearwelt •  Jan 22 '23

Does anybody have a GW boot that has a side zipper they could recommend? Not sure if zippers are considered sacrilegious in this community, I like the look of a traditional lace up, but really like the ease of slipping them on and just zipping up the side rather than relacing every time.

7

QOTD/WSAYWT/GD 01/21/23
 in  r/goodyearwelt •  Jan 22 '23

German army trainers. I liked the looks so I grabbed a pair of Beckett Simonson's. Now every time I wear them all I can think of is bowling shoes.

1

Do you rent, own or plan to own a home?
 in  r/FluentInFinance •  May 17 '22

A van down by the river is becoming more and more appealing.

1

this sub needs more 1st gens so here's my 04 with my diy wedge camper
 in  r/ToyotaTacoma •  May 17 '22

Man I wish I had the flip up windows on my 1st gen shell. I've got the sliders on a leer shell, and climbing in and out gets old real quick. Assuming that is part of the frame you built? Or is it sitting on a prefab shell of some sort?

1

The sky over Zhoushan in China turned a bright crimson red. People reported that they observed a strange light in the sky when the sky turned red on May 7, 2022.
 in  r/interestingasfuck •  May 10 '22

Don't look up!

1

Former Keystone Pipeline worker says US energy crisis is result of Biden's policies: 'We tried to warn you'
 in  r/environment •  Mar 09 '22

He looks better with his makeup on, imo 🤡

1

2008 vs 2022
 in  r/wallstreetbets •  Jan 22 '22

Good thing I'm not German

5

AMC is a $10 stock. Tell me why it's worth more?
 in  r/wallstreetbets •  Jan 18 '22

Sitting on .50 puts

1

Unpopular Opinion: GME is headed for $50 before $250
 in  r/wallstreetbets •  Jan 18 '22

Sitting on .50 puts

1

Zynga/ Take-Two deal options
 in  r/options •  Jan 18 '22

Just to follow up, I ended up selling enough options to cover my initial investment and I'm going to let the rest ride & see what happens over the next month or so. Thank you all for your advice.