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http://bitcoin.tax "You can also switch to using like-kind

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  3. http://bitcoin.tax "You can also switch to using like-kind
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Anonymous
2017-08-22 07:29:39 Post No. 3164260
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Anonymous 2017-08-22 07:29:39 Post No. 3164260 [Report]
http://bitcoin.tax
"You can also switch to using like-kind exchange treatment of altcoins. A like-kind exchange transfers the cost basis to the purchased coin from the selling coin and is not considered a tax event.
Before selecting another method, please get professional legal or tax advice to clarify if they are allowed in your own tax jurisdiction."

When I choose this option, my taxes are greatly reduced. What are the implications of this option?
>>
Anonymous 2017-08-22 07:50:15 Post No.3164385
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Anonymous 2017-08-22 07:50:15 Post No.3164385 [Report]
https://www.forbes.com/sites/greatspeculations/2017/08/15/cryptocurrency-traders-risk-irs-trouble-with-like-kind-exchanges/#31b73f0326a8
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