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A comment on IRS issues additional guidance on tax treatment for cryptocurrency. Parent comment

Re:IRS issues additional guidance on tax treatment for crypt... by wglb on Wednesday October 09, 2019 @06:10PM (#21208715)
Keep in mind that if you swap houses that you bought as an investment, there is still the possibility of a tax liability. Barter is not excluded from taxation.
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Re:IRS issues additional guidance on tax treatment for crypt... by freeAgent on Wednesday October 09, 2019 @07:49PM (#21209447)
The first $250-500k of capital gains on houses is tax-free when you sell your house. I would argue that the IRS should treat cryptocurrency like other foreign currencies where the first $200 of capital gains is not taxed: https://www.irs.gov/publications/p525#en_US_2018_publink1000...

That would just put cryptocurrency on similar footing as any other currency.

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Re:IRS issues additional guidance on tax treatment for crypt... by Hydraulix989 on Wednesday October 09, 2019 @11:04PM (#21210436)
It would be considered a 1031 Like-Kind exchange though.
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