I know defi isn’t KYC but if I purchased btc and eth on Coinbase and sent that to MM- I would assume that is a taxable transaction right? I have no idea how I’m supposed to calculate taxes for 2020 lol- I may even be at a loss

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Just Transferring same coin from one wallet to other is not a taxable event. But if you use that ETH to buy some other coin or an NFT is a taxable event.


If you swap coins, that's taxable.

Moving coins is not.


It’s still a taxable event. Whether you want to not report or “hide” it is up to you

That is not a taxable event. A lot is. Too much to type on a fishbowl thing. Would recommend googling it or hiring a cpa

No, you still own the BTC.

That transfer could’ve been a purchase 🤭 or you could’ve had the hard wallet have the famous boating accident.

Boating accident.

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