Quick Read

• The IRS treats crypto swaps as taxable sales, making a $10,000 Bitcoin-to-Ethereum trade with a $2,000 gain a real tax event.

• Holding period is decisive. Short-term gains taxed as ordinary income can cost up to $640 on a $2,000 gain, while long-term rates cap at $400.

• Swapping a coin at a loss offsets gains and can reduce ordinary income by up to $3,000 per year under 26 U.S.C. § 1211(b).

• Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.

When you convert Bitcoin (CRYPTO:BTC) to Ethereum (CRYPTO:ETH), it may feel like you’re only…