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RE: Is it possible that Tax Day is the single biggest drain on Cryptocurrency Prices currently?

in #cryptocurrency7 years ago

There quite a few out there if you do a quick search, but here is one: https://www.nytimes.com/2018/01/18/your-money/bitcoin-irs-taxes.html

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Ah, okay. You're referring to the actual gains on the crypto investment. Do I have that right?

So if you use gains to buy other crypto currencies that can be taxable? But if there isn't a gain made before the transfer, I'm wondering how they treat that.