How To Record A 1031 Exchange Cryptocurrency

Last Updated on August 2, 2023 by Paganoto

IRC Section 1031: Like-Kind Exchange Treatment Of …

Applying the like-kind exchange treatment is a controversial position in crypto taxation, where exchanging one cryptocurrency for another …

Do a 1031 Exchange with Bitcoin or Other Crypto Currancies?

As property, Bitcoin, Ethereum, DogeCoin, and other types of crypto currency are subject to capital gains taxes and related record-keeping …

Like-Kind Exchanges of Cryptocurrency—Recent IRS Guidance

In a recent Chief Council Advisory, the IRS found that certain cryptocurrencies did not qualify as like-kind exchanges under section 1031 …

Can I do a 1031 Exchange of Bitcoin & Cryptocurrency? | CPEC

So are 1031 exchanges of bitcoin allowed? In short, no. The new tax bill that was recently signed into law and became effective on January 1 …

Cryptocurrency and the § 1031 Like Kind Exchange

by E Cole · 2019 · Cited by 4 — § 1031 apply to an exchange between cryptocurrencies? This Article argues that the Internal Revenue Service’s decision to classify …

IRS concludes Section 1031 tax-deferred "like-kind" exchange …

For taxpayers who swapped cryptocurrencies on or before December 31, 2017, and took the position that such exchanges qualified for tax deferral …

IRS: Certain Exchanges of Cryptocurrency Did Not Qualify for …

… whether an exchange of one cryptocurrency for a different cryptocurrency could qualify as a like-kind exchange under section 1031 of the …

Sacramento Delegation paper – 1031 and virtual currencies

exchanges on their California income tax return. 3 Kai Sedgwick, “Eight Historic Bitcoin Transactions,” Bitcoin.com, Nov. 26, 2018;.

Understanding the Tax Implications of Cryptocurrency

For record keeping purposes, an individual’s cost basis is what they pay for … IRC Section 1031, known as the like-kind exchange rules, …

House and Senate Tax Bills Kill Cryptocurrency “Like Kind …

If you can manage to come within 1031, you’ll either have no tax, or limited tax due at the time of the exchange. In effect, you can change the …

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Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.