Re:Tether loaned USDT to investors and illegally traded in N...
by jki275 on Wednesday July 10, 2019 @08:09AM
(#20401153)
It's never been that way in the US. Sale of any cryptocurrency for any other or any asset or even a cup of coffee has been a taxable event since the beginning.
You realize a profit or loss every time you transact, and that's a taxable event. It's not tied to whether or not the transaction is into or out of fiat currency.
You realize a profit or loss every time you transact, and that's a taxable event. It's not tied to whether or not the transaction is into or out of fiat currency.