I imagine that I'm not alone in wanting to help some friends in this scenario. I have a few friends that can only afford to get just a few dinar like 10,000 to 50,000 and can't seem to get it for themselves for various reasons.
Assuming everybody wants to pay their fair share of taxes, how does the following scenario play out…?
Let's say I place a 100,000 dinar order in my name. After it arrives, I split it up among 2 friends - 50,000 each and they pay me back each 1/2 of the total order (like 100.00 each for a 200.00 order - no dinar for me).
In this scenario, who is responsible for paying the taxes after RV? I'd assume it was just each of them, as I did not profit from the transaction…
Could it happen where the IRS says post RV:
1 - you bought it - you pay tax for it…
2 - you bought it - you pay tax for it… & the other 2 people can get also taxed with double dipping from the government?
3 - even though you bought it, since you sold it for 0.00 profit prior to RV - so you are not responsible for it, the other 2 people are.
Choice 3 seems the best - most fair outcome, but I'm only guessing at these possible outcomes, so that is why I'd like to hear some opinions on this.
Thanks in advance.