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This isn't actually true as companies routinely acquire each other using mostly or only stock. However, the IRS does not consider exchange of stock for stock in
by nonameiguess 5y ago
This isn't actually true as companies routinely acquire each other using mostly or only stock. However, the IRS does not consider exchange of stock for stock in mergers and acquisitions to be a taxable event.
- chollida1 5y agoDifferent case than what we're talking about here. Your case would be the same if it was cash buying a company. Here we're talking about something different, which is an individual trading one form of crypto for another and showing how the same trade donew ith stock would be taxed similarly if you just swapped stock with another trader.
- robot_no_419 5y agoYou are also taxed if you use cryptocurrency to directly buy goods or services as well. Based on my understanding, that would include using cryptocurrency to buy a company.