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RE: IRS Tax Rules for Cryptocurrency in 2018

in #crypto-news7 years ago

Hey @crypto-investor, I'm new to the cryptocurrency space so I apologize for this basic question. Let's say I used $1000 to buy bitcoin, then 3 hours later I make a $100 profit. If my goal is to use bitcoin to trade alt coins, would I still be making a profit if I traded bitcoin to alt coin without cashing out bitcoin to USD first?