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Didn't this recently change? Prior to 2018 was it not considered a "like for like" transaction?
by 171243 7y ago
Didn't this recently change? Prior to 2018 was it not considered a "like for like" transaction?
- JumpCrisscross 7y ago> Prior to 2018 was it not considered a "like for like" transaction? It's "far from certain" [1]. Tax diligence is part of investing; these questions should be approached before one trades an asset, not after. [1] https://www.coindesk.com/owe-irs-crypto-crypto-trades https://www.coindesk.com/owe-irs-crypto-crypto-trades
- sfkdjf9j3j 7y agoOnly against the advice of most accountants. Exchanges between different grades of the same precious metal aren't considered like kind transactions, so it seems pretty unlikely this "trick" would work for crypto.