thank you for your reply, Very helpful
It makes sense and is in line with what I thought. One question is related #2. If I send crypto to someone else, I will avoid capital gain tax. But does that mean that person who received has to pay the capital gain when he/she sells it based on my cost? Or her/his cost is based on the price when I send crypto? I'm asking because this can be a loop-hole people can avoid tax by sending around to other people.
Thanks
