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A comment on We asked the SEC for reasonable crypto rules. We got legal threats instead. Parent comment

Re:We asked the SEC for reasonable crypto rules. We got lega... by Xorakios on Friday March 24, 2023 @08:04PM (#35297387)
In the US the taxable event generally occurs when one currency is converted back to USD, not when a non-USD currency is spent. Real-time conversions do occur and you are absolutely correct it can turn into a tax nightmare when traveling :(
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