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Does bartering an investment vehicle allow you to escape capital gains? If so, that seems like a loophole that should be closed. Why should you be exempt from
by 01100011 6y ago
Does bartering an investment vehicle allow you to escape capital gains? If so, that seems like a loophole that should be closed. Why should you be exempt from gains on your capital investment?
It seems like MasterCard should be reporting each swap of crypto for dollars to the IRS and sending you a tax form at the end of the year. If that's not the case, expect regulatory action to correct it.
- jkepler 6y agoNope, bartering (at least in the US) is still taxable on the fair market value of whatever you're exchanging.