Do I need to pay taxes if I sell an alt coin for bitcoin then rebuy a different alt coin. I never took out actual USD so I am unsure how that would work. Or am I only taxes on actual USD made when I cash out?
for the mean time we are thinking of these tax as the transaction fees like everyone is saying, but believing or not, it is just a matter of difference in order to compare it to real taxes. Yet, we clearly understand where this taxes in crypto goes. For processing and managing millions of transaction every moment. I can say, yes it is comparable for you to pay taxes while making transaction.