I just looked over this notice:
https://www.irs.gov/pub/irs-drop/n-14-21.pdfLet say Person XYZ trades Alt coins to increase the number of BITCOINS. However, Person XYZ does not sell those bitcoins. Are those bitcoins taxable as income for fair market value? Or should the person be taxed after they convert to fiat?
You wont be taxex if you arent going to convert in using the banks,so if you can sell your btc by p2p transaction it will be taxless.