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RE: Most Common Wrong Answer for U.S. Crypto Investors – 2017 Tax Season – Like Kind Exchanges

in #bitcoin7 years ago (edited)

So your article made me start thinking about steemit as a platform and how we internally convert SBD to Steem at the given rate defined by the platform. Are there any general tax laws that apply to this coin to coin conversion? Let's say Person A gave Person B Steem for SBD. Could there be an argument that this is a like-kind exchange? Obviously, I am not asking you this as tax advice but I think it's an interesting situation to consider, maybe even write an article about.