I am fairly certain that is not correct. When you buy a virtual currency with another virtual currency, that is a taxable event, and you have to estimate the b

I am fairly certain that is not correct. When you buy a virtual currency with another virtual currency, that is a taxable event, and you have to estimate the basis for tax using the currency gain in dollars. Or that is what I have understood from their guidance docs. I do plan on talking to an accountant with specialty in this, obviously, just trying to figure out what others have experienced to see if my thoughts are off.