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Is it possible to convert eg. BTC to ETH and pay capital gains tax only when you sell and convert crypto into USD?
(Retrieved 2022-03-16)
Q16. Will I recognize a gain or loss if I exchange my virtual currency for other property?
A16. Yes. If you exchange virtual currency held as a capital asset for other property, including for goods or for another virtual currency, you will recognize a capital gain or loss. For more information on capital gains and capital losses, see Publication 544, Sales and Other Dispositions of Assets.
as per my understanding, any sell event is a taxable event. Even if that event is converting a crypto.
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