> when I convert BTC to DOGE (or whatever), there is no income That conversion is the sale of property. The IRS doesn't care whether you receive payment for yo

> when I convert BTC to DOGE (or whatever), there is no income That conversion is the sale of property. The IRS doesn't care whether you receive payment for your BTC in DOGE, USD, or corn futures; you divested funds from BTC, and the difference between what the BTC was worth at the time of acquisition VS sale is a capital gain or loss.