> I would be worried that the IRS would claim you should have recognized a tax g... | Hacker News

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bpicolo on March 16, 2018 | parent | context | favorite | on: The IRS collects data on Coinbase account holders

> I would be worried that the IRS would claim you should have recognized a tax gain with every trade

They explicitly do consider crypto-to-crypto transactions as a taxable event now, as of the recent tax bill. You are required to pay taxes on it.

sp332 on March 16, 2018 [–]

But that's new with the new tax bill. It wouldn't apply to 2017 taxes.

mathgeek on March 16, 2018 | [–]

1031 exchanges are indeed explicitly only for real estate starting in 2018. For 2017, it's best to consult a tax professional as the rules are somewhat unclear.

asah on March 16, 2018 | | [–]

This is correct.

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