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<blockquote data-quote="Isaac Jordan" data-source="post: 1108116" data-attributes="member: 3810">RE: data sheet on tax implications for cryptocurrency trading in the United StatesIt's fascinating how the people who assure me this tax strategy won't work never have any evidence with which to back up that assertion.My OP links directly to the IRS's website multiple times. I have clearly done my research and compiled a strategy based on the exact letter of the law. Crypto is classified as property, and crypto-to-crypto trades meet every requirement for 1031. It's remarkably straightforward.While I welcome anyone who can point out flaws in my approach, simply saying &quot;I'm confident this won't work even though I have ZERO evidence to back that up&quot; is simply spreading FUD. If the law changes, I'll change my strategy. But it doesn't make sense to formulate investment plans based on IMAGINARY laws that may or may not come to pass, when the current laws spell out quite clearly the structures and limitations by which cryptocurrency trades can be taxed.As the saying goes, &quot;Those who say it cannot be done should not interrupt the person doing it.&quot;</blockquote>

[QUOTE="Isaac Jordan, post: 1108116, member: 3810"] [b]RE: data sheet on tax implications for cryptocurrency trading in the United States[/b] It's fascinating how the people who assure me this tax strategy won't work never have any evidence with which to back up that assertion. My OP links directly to the IRS's website [i]multiple [/i]times. I have clearly done my research and compiled a strategy based on the [u]exact[/u] letter of the law. Crypto is classified as property, and crypto-to-crypto trades meet every requirement for 1031. It's remarkably straightforward. While I welcome anyone who can point out flaws in my approach, simply saying "I'm confident this won't work even though I have ZERO evidence to back that up" is simply spreading FUD. If the law changes, I'll change my strategy. But it doesn't make sense to formulate investment plans based on IMAGINARY laws that may or may not come to pass, when the current laws spell out quite clearly the structures and limitations by which cryptocurrency trades can be taxed. As the saying goes, "Those who say it cannot be done should not interrupt the person doing it." [/QUOTE]

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