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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 vollmond on Sunday March 25, 2018 @05:08PM (#16674613)
In the MSFT/AMZN transaction, doesn't the value pass through USD on the way? If I use ShapeShift to convert BTC to LTC, USD isn't involved.

Not saying it affects the situation, but it is still a different type of transaction in the way that a lot of laypeople would think of it.

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Re:IRS reminds taxpayers to report virtual currency transact... by TheCoelacanth on Sunday March 25, 2018 @09:37PM (#16675919)
Usually, yes, but it doesn't change your tax liability if you happen to find someone willing to directly trade MSFT for AMZN. The tax exemption for like-kind exchanges only applies in limited circumstances like with real estate.
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Re:IRS reminds taxpayers to report virtual currency transact... by justincormack on Sunday March 25, 2018 @09:02PM (#16675748)
In that case yes, but not with converting JPY to EUR say, or selling and buying shares of a European company which trades in EUR not USD. Only some assets have cross markets.
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