Legacy Tax & Resolution Services

Ask the Crypto TaxMan: I have move coins from on exchange to another, is this a taxable event?

Ask the Crypto TaxMan:  I have move coins from on exchange to another, is this a taxable event?

The movement of coins, “in kind”, from one exchange to another is not a taxable event.  However, the movement of the currency to the other exchange where is sold to purchase other coins, is a taxable event.  Hope that is clear.

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