Would you like the state of California to take that position? How many Bitcoin sales have you done so far this year? Do you have a seller's permit? > OCCASIO

Would you like the state of California to take that position? How many Bitcoin sales have you done so far this year? Do you have a seller's permit? > OCCASIONAL SALES—A sale by (and purchase from) a person who is not engaged in a business requiring a seller’s permit is exempt from sales and use taxes. These types of sales are “occasional” sales (some states have similar exemptions for “casual” sales). Generally, a person who makes three or more sales for substantial amounts in any period of 12 months is required to hold a seller’s permit. A person who makes a substantial number of sales for relatively small amounts is also required to hold a seller’s permit. (The 12 month test period can be the 12 months before the sale in question, the 12 months after the sale in question, or any other 12 month period in which the sale occurs.) A person holding two garage sales with no other sales in any 12 month period in which the garage sales are held are regarded as making exempt occasional sales. A business that is not required to hold a seller’s permit would be making an occasional sale when making a single sale of its assets upon termination of its business. Such persons should be aware that making two or three sales in anticipation of final liquidation will generally result in all the sales being subject to sales tax. https://www.cdtfa.ca.gov/formspubs/pub61.pdf https://www.cdtfa.ca.gov/formspubs/pub61.pdf