Nobody is quite sure if trades of one cryptocurrency for another qualify as a nontaxable event, since the IRS hasn’t said. However, if tax reform becomes law, the question will become a moot point.
House and Senate Tax Bills Kill Cryptocurrency “Like Kind” Exchanges: Expert Blog
Nobody is quite sure if trades of one cryptocurrency for another qualify as a nontaxable event, since the IRS hasn’t said. However, if tax reform becomes law, the question will become a moot point.