I read through much on this topic over last week. I am in alignment with SP_Skeptic regarding the 2017 tax for US investors. Where we can use like kind exchange to document any transactions between crypto. NOTE: This goes away for 2018.

Any any time we convert from crypto to fiat, we will have to pay taxes.

Big issue going forward to 2018, I see is for people going from one crypto to another, will have to pay in USD taxes on any gains they made through that transaction. So people will be forced to convert portion of their crypto to crypto transaction into fiat (USD). Unless people wish to pour in new set of fiat currency into their investment. (Big Mess ahead).


Regardless, I wonder there seem to be a lot less knowledge amongst the crypto investors (due to lack of responses here). Does these mean you all do not currently disclose crypto transactions on your taxes? or people just don't wish to share their experience and knowledge to community?

I understand crypto is world wide, but I would expect at least 30-40% investors from US. I would love to hear what others do currently or plan to do during their 2017 filing in US.