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Hey - this looks great. Couple of questions: - Does re-balancing create a taxable event? If so, given a bunch of these cryptos trade in BTC pairs, do you gener
by safog 6y ago
Hey - this looks great. Couple of questions:
- Does re-balancing create a taxable event? If so, given a bunch of these cryptos trade in BTC pairs, do you generate all the documents necessary to file taxes?
- What do you feel about the top 10 currencies changing so rapidly over time? I think every month (or maybe two) the top 10 list significantly changes. Doesn't that accumulate a lot of trading activity and fees? Given the volatility, is there any point to holding the top 10 instead of just holding solid / consistent cryptos like BTC and ETH?
- gruez 6y ago>Does re-balancing create a taxable event? if the rebalancing involves selling something, then yes you have to pay capital gains on it. The only way to avoid this is wrapping your trading activity in a ETF.