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A comment on IRS reminds taxpayers to report virtual currency transactions. Parent comment

Re:IRS reminds taxpayers to report virtual currency transact... by gst on Sunday March 25, 2018 @03:28PM (#16674018)
Vanguard allows me to exchange one mutual fund for another mutual fund (without having to explicitly sell and re-buy). Do you think that's something that shouldn't be taxable? Where's the difference to the cryptocurrency example above?
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Re:IRS reminds taxpayers to report virtual currency transact... by nashashmi on Sunday March 25, 2018 @10:36PM (#16676182)
Depends on the technical contract but per IRS rules are that when you trade one asset for another, you are virtually selling the asset and buying another. They did it to keep accounting simple.
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