my Dad has some old BTC funds that have been in Coinbase for years and he wants to cash them out to buy a bike

but he doesn't want to hook up his bank account to Coinbase to do it

what's most seamless way to go from BTC in Coinbase to spendable cash without going through a bank?

incentivizing things @ poidh.xyz - come chill /poidh + follow @poidhbot

yeah this is easiest route but for tax purposes I really don't like doing crypto transactions where I am the intermediary for someone else

ideally want a solution where he's able to do this 100% on his own

Would you have to sell the Bitcoin or do you have extra cash on hand. Always good to stack sats

I know this, but his sale is a taxable event, I don't trust him to do his taxes right, and I don't want to be on the other end of the transaction if he does it

again, I'm OCD about this

there's like a 1% chance it causes issues for me but I don't care if avoiding it helps me ensure I never have my name flagged by the IRS for "sketchy crypto things"

If you buy, you don’t have to report anything until you sell. Giving USD cash to your father for BTC is not a taxable event

wouldn't have to, it's just I try to keep my crypto transactions extremely clean for the sake of end of year tax purposes

would this really matter? probably not, I'm just slightly OCD about it and don't want to have to report anything other than my normal buys/sells on exchanges