Crypto trade history tax like kind exchange

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The IRS notes transactions to the crupto on gains when like-kind exchange to cryptocurrency, so there may be potential for generally require traders to receive.

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How to Trade Crypto TAX-FREE? (Ultimate Guide for Beginners!) - Crypto IRA Retirement Accounts
IRS concludes Section tax-deferred "like-kind" exchange treatment is not available for cryptocurrency trades. Written by:Tom Geraghty. On. In a new IRS Legal Memo, the IRS opines that most pre-TCJA exchanges of one cryptocurrency for another did not qualify for gain deferral. In a like- kind exchange, tax on any unrealized appreciation in the currency relinquished in the exchange is deferred; the tax basis in the relinquished.