Quote:
Originally Posted by accord1999
In theory, you're probably supposed to treat each transaction, even the ones where you buy one coin with another, as a taxable event and record the profit or loss.
But in practice (especially with small dollar amounts), you could probably get away with only considering the transaction to fiat currency. In which case, the cost base for your portfolio is $8K. If you sell 10% of your portfolio, then your gain is $2000-($8K*10%).
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That is the US, from my researcher it's similar to a barter transaction, which is considered a capital gain
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