RE: How Much Profit Can You Make In Crypto Before Having To Pay Taxes

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How Much Profit Can You Make In Crypto Before Having To Pay Taxes

in cryptocurrency •  7 years ago 

yea and that loophole for 10-31 exchange includes filing massive amounts of paperwork for each like kind exchange with docomentation from a professional showing they are very similar assets, filed within 45 days of said exchange. So unless you did mountains of paperwork last year, the 1031 exchange still won't work. Unfortunate but true

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Oh boy, that sucks. Taxes got us all like: