7 ms·
in the US the transfers you describe are not capital gains (either short of long term). The first, payment for services, is just income of $1k. The second, swap
by cslarson 5y ago
in the US the transfers you describe are not capital gains (either short of long term). The first, payment for services, is just income of $1k. The second, swapping BUSD for USD, is not income, nor cap gains, so has no tax applied.