IRS Denies Tax-Free Crypto To Crypto Swaps

If you swapped one kind of crypto for another before January 1, 2018, was it tax free? The IRS just said it was taxable, and in many cases, the IRS has six years to audit. That mean your 2017 tax return could be open to audit into 2024. The IRS is still after crypto in a big way.
If you swapped one kind of crypto for another before January 1, 2018, was it tax free? The IRS just said it was taxable, and in many cases, the IRS has six years to audit. That mean your 2017 tax return could be open to audit into 2024. The IRS is still after crypto in a big way.