Non-Taxable Event

A financial transaction or occurrence that does not create a tax liability or reporting requirement to tax authorities.

What You Need To Know

Activities like buying crypto with fiat, holding it long-term, transferring between wallets, donating to charities, and gifting within limits are all examples of non-taxable events under current IRS rules. However, these activities may still require careful documentation and could lead to taxable events in the future when gains are realized or dispositions occur.