To be clear, we're talking trades or swaps from one crypto to another not just cashing out.

I had no idea taxes on crypto trades were even a thing. Hell, had no idea anything about taxes were when I first started dipping my toes in bitcoin. Then when I heard you have to pay taxes on cap gains I thought it was just for cashing out. I have a feeling more than half of millennials and gen Z like me also had/have no idea. Like 60% or more for millennials. I guess about 45 to 60% for everyone. Leaning more towards 50 to 55% as a more accurate guess. Only one of the dozen friends of mine who knows about this knew there were taxes on trades, and I'm not even sure he knew so much as just guessing to pick a different answer than the rest. Only like 4 of my friends knew taxes of some sort, namely, selling bitcoin would result in a taxable event.


Do you think this article is accurate or do you think it's more or less from the time this article was published?

https://finance.yahoo.com/news/40-crypto-investors-don-t-153230225.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAACTUn5OkJSyGccBl_t5YTX9BKJWJupqXk5BTRWm99ikZBjROQgLVoxb8Oe1MkXuAn6hhrIlOYbbEbymVnoezNgm6JvJRwCICtKa6XYbvo-Ft0B_0cl-Ii4fRmLpTQWrQ1o7ncBWwsomTr04VAMmf08eEiH3pt_CNRt4r7OMc37Cd

Isn't it insane that only in the USA, they tax trades and then expect YOU to figure out how much you "owe"??
Imagine going to the grocery store and the cashier scans all your items, her computer tells her how much you owe, but she wont tell you, and instead, expects you to calculate everything and if you're wrong, you go to jail. This is essentially the tax system in the USA and they don't teach any of this in schools. You're just supposed to be psychic and/or be born with this knowledge.