Are crypto transfers taxable?

Are Crypto Transfers Taxable?

"Transfer" of a VDA includes sale, exchange, gift, or use as payment. Such transfers can trigger tax on the gain (sale/exchange value minus cost). Moving crypto from one of your own wallets to another (same owner) may not be a "transfer" in the same way, but you should confirm with current law and a tax advisor. When you later sell that crypto, the cost will be the original purchase cost. TDS may apply on certain transfers. Keep records of all movements and their purpose.