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Do you mean even if people are just converting into USDT the IRS are going to be after them? FYI I'm just going on what I know friends are doing - no skin in t
by jonplackett 5y ago
Do you mean even if people are just converting into USDT the IRS are going to be after them?
FYI I'm just going on what I know friends are doing - no skin in the game! Just see this happening and don't see any other reason why anyone would buy Tether.
- xref 5y agoYes, any exchange of coins is a taxable event. Going BTC->USDT is the same to the IRS as going TSLA->AAPL. It’s a sell and a buy on the books.