Quote from: abdulq on February 09, 2018, 08:48:14 PM

Quote from: MrSunshine on February 07, 2018, 04:34:40 PM

Quote from: Thyristor on February 07, 2018, 02:13:27 PM

I do plan on selling it when it reaches certain price and buy again when it dips,but no plan on cashing out.I think I need to really understand this bullshit tax rules before tax season comes.

FYI, as as soon as you sell, even if you rebuy later, it is a taxable event.

Untill you cashout you do not have to pay tax on your earning. That is so simple.

In the US if you trade from one crypto to another, it is a taxable event. It is not considered a like kind exchange. The US gov passed a law explicitly stating like kind crypto trades are taxable for 2018.