@cryptotaxadvisor one thing to consider is how the blockchain governance models could be used to disallow 1031 exchanges based upon financial interest exclusions. Tokens which have Proof of Stake (POS ) and Delegated Proof of Stake (DPOS) could potentially be construed as financial interests. I think you may have a shot with Proof of Work (POW) coins, but POS and DPOS might be a problem.
RE: US Tax Considerations – Cryptocurrency Tax Workshop for Novices (Courtesy of the Rocky Mountain Steemit Accelerator)
You are viewing a single comment's thread from:
US Tax Considerations – Cryptocurrency Tax Workshop for Novices (Courtesy of the Rocky Mountain Steemit Accelerator)
Ouch LP. Since I don't understand what you just wrote, I think you just gave me a difficult homework assignment.
At the 101 Level, here is what I am thinking.
Coinbase has 11.7 million users. There you can only move between Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. If EAs could successfully argue 1031 Exchanges between those four only, that would be a great victory. (Maybe take out Bitcoin Cash, and win on the top three.)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit