Does Swapping Crypto Count As Selling For Taxes?
Trading one cryptocurrency for another might feel like a straightforward digital exchange, but the question of "does swapping crypto count as selling" for tax purposes is a critical one often overlooked by even seasoned investors. The reality, as defined by the IRS, is that most crypto-to-crypto trades are indeed taxable events, triggering capital gains or losses just as if you had sold your crypto for fiat currency. This often surprises many, turning what they thought was a simple portfolio rebalance into a complex tax reporting exercise....