I've been hearing a lot of buzz about this clarification. Yes, it does essentially state that every crypto trade is a taxable event and needs to be recorded. For example, BTC to LTC is a taxable event and that gain needs to be taxed according to your bracket. I'm just curious what does this mean for this previous year of 2017? I was under the impression that every crypto trade has always been taxed when gains are realized. That was how I was going to pay my 2017 taxes. Some people say you only get taxed when you convert the crypto back into fiat. Can anyone clarify this for me?