The IRS collects data on Coinbase account holders

Re:The IRS collects data on Coinbase account holders by bpicolo on Friday March 16, 2018 @09:47AM (#16600565)

> 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.

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Re:The IRS collects data on Coinbase account holders by sp332 on Friday March 16, 2018 @09:55AM (#16600632)

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

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Re:The IRS collects data on Coinbase account holders by mathgeek on Friday March 16, 2018 @10:06AM (#16600710)

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.

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Re:The IRS collects data on Coinbase account holders by asah on Friday March 16, 2018 @10:44AM (#16600989)

This is correct.

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