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No one offers swapping x shares for y shares, you have to sell and buy. You can swap currency and some people believe crypto is currency, so it is different.
by quotha 5y ago
No one offers swapping x shares for y shares, you have to sell and buy.
You can swap currency and some people believe crypto is currency, so it is different.
- ska 5y agoIt doesn't really matter if you make the analogy of asset or FX; you owe tax on gains in either case.
- blibble 5y agothe common analogy would be an FX pair (like GBPUSD)
- nerdponx 5y agoAnd how are forex transactions taxed? Why don't we just apply that policy to crypto?
- ska 5y ago> Why don't we just apply that policy to crypto? This is the core of the whole issue; IRS (and similar bodies) are deciding what crypto "is", at least for tax purposes (as is their purview). That has implication for how and when things are taxed.
- blibble 5y agoin the UK it depends on the intent of the transaction speculation is treated differently to full-time trading, which is in term treated differently to trying to make some money on the side
- tehlike 5y agoThen there's a loophole right? Create a stable coin, and never have to cashout.