> Does that sort of thing still incur capital gains tax in the US? Yes it does. It would be same as if you purchased a large amount of gold, and then exchange

> Does that sort of thing still incur capital gains tax in the US? Yes it does. It would be same as if you purchased a large amount of gold, and then exchanged the gold for a car, after gold had increased in price. In the gold situation, you would also pay capital gains, and the US treats crypto the same as property, in this regard.