Post by Taxmateng (@enplaze)

NRS confirmed family transfers aren't taxed. BUT there's a trap!

If you mix business income and family gifts in ONE bank account, the burden of proof is on YOU during an audit. Can't prove it's a gift? They'll tax it.

To stay safe, use a free automated ledger like TaxMateNG. It instantly separates taxable trade/crypto income from exempt gifts so you never pay tax on family money by mistake.

Are you still mixing accounts?

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