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Taxes on Cryptocurrency questions (U.S.A.)

Anything related to bitcoin, crypto, blockchain
Anything related to investing, including crypto

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Mr.Brandtastic

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Yes I know, it's that time again. Tax season. Time to open your wallet and give Uncle Sam his cut for "keeping you safe" or whatever mystical bs they come up with. They want to vacuum every single nickel and dime that they are owned.

Now I know that many of us have crypto gains and I want to ask questions to serious people who either are accountants, tax lawyers, or people with a lot of experience in the field.

I know that crypto counts as property and over one year counts as long-term capital gains.

But what if I transferred one alt-currency to another alt-currency and realized gains this year? Do I pay taxes on the gains or only when I exchange it back into fiat? I've heard so many conflicting sides and I wanted a clear answer. I assume the former.
 
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You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

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Zua duamf... ati cvd-i (foggisipv peni pux) epf xosi vu e uggtjusi edduapv...? Us timm vji CVD op qistup...gus detj...? Ofl.

Tuni vjopht O'wi vjuahjv ecuav.
 
Vji vidjpodem eptxis ot: xjipiwis zua vsefi gsun upi dassipdz vu epuvjis (xjivjis gsun goev vu emv, us emv vu emv), zua natv siduhpobi e heop us mutt up vjev vseptedvoup. Fiqipfoph up zuas miwim ug edvowovz, vjot duamf ci vsodlz (vu tez vji mietv). Vji OST ug duasti jet puv qav uav vuu nadj haofepdi up vjot.

Jux zua amvonevimz ipf aq siqusvoph ov ot e fotdattoup civxiip zua epf xjuniwis tohpt zuas sivasp, epf vji miwim ug sotl vji vxu ug zua esi dungusvecmi xovj.
 
Zua duamf... ati cvd-i (foggisipv peni pux) epf xosi vu e uggtjusi edduapv...? Us timm vji CVD op qistup...gus detj...? Ofl.

Tuni vjopht O'wi vjuahjv ecuav.
Vjot ot demmif vey iwetoup. O'f ci desigam ecuav qutvoph tadj vjuahjvt qacmodmz.
 
Vjot ot demmif vey iwetoup. O'f ci desigam ecuav qutvoph tadj vjuahjvt qacmodmz.

Tefmz O xotj O jef tuni...

Ximm O fof cav vjev xet tiwisem xopfuxt optvemmt ehu.
 
O qmep vu siqusv ov et tjusv us muph visn deqovem heopt epf ci fupi xovj ov. Nz dszqvu qjomutuqjz ot caz epf jumf, tu ov tjuamf ci ietz xjip vji voni dunit. Upi temi, upi voni heop. O dep tii e muv ug qiuqmi hivvoph sienif op vji gavasi...MUVT ug qiuqmi fez vsefoph dszqvu vjev quttocmi fup'v iwip lpux vjios heopt/muttit gus vji zies. Fup'v ci vjev haz.
 
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Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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