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Ripple at .666 Hmmmm
What is the move people???
Who all bought back in??
Thoughts on 0x?
How’s litecoin doing? Thinking to invest in it.
MU & OCLR, stock bowl anyone?
Best Alt Coins to buy?
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You can sell it and buy back right away. The 30 day wash sale loss does not apply to crypto
Thanks for the reply. I should more clear though. The transactions I kept performing were exchange of BTC, ETH, or LTC for an ALT coin on an exchange. I wasn't sure if each time I've done this, it's considered a taxable event where I have to recognize the gain or loss for tax purposes. Here's what one thing I was reading:
https://www.investopedia.com/university/definitive-bitcoin-tax-guide-dont-let-irs-snow-you/definitive-bitcoin-tax-guide-chapter-1-trading-gains-and-losses-b-altcurrencies.asp
Like kind exchange rule changed in 2018, it now applies only to real property. You can't claim like kind exchange for crypto to crypto exchange any more
I sold all my Dogécoin for a small gain. Too volatile and fickle for me. Right now I’m profiting off short term stock market calls and puts making me more than crypto ever has, however I only put a very small investment at risk
I believe that based on the last time I checked the guidance, the IRS was saying that each time you trade a crypto currency for another, it's considered a taxable event. Because I went on a trading frenzy in early 2018, I had a few thousands in realized gain on my last transactions, which I will have to recognize gain unless I sell the loss cypto to offset that and recognize loss this year. I'm sort of concerned that no one will want to trade for my loss crypto (audiocoin) before the end of the year lol...
I was also looking at this: https://www.coindesk.com/owe-irs-crypto-crypto-trades
So this is concerning like-kind exchange treatment. So I think that I was have to trade the Alt coin I have back to to Bitcoin in order to recognize the loss because the last transaction I did with it was for a relatively significant gain.
https://www.coindesk.com/owe-irs-crypto-crypto-trades