Can Crypto Be Converted Using 351 Exchanges? It’s Complicated
Apparently, even cypherpunks hate paying taxes.
So-called 351 exchanges are all the rage with wealthy investors who want to transfer assets between holdings in their portfolios without triggering capital gains taxes. They also let investors with heavily concentrated stock positions convert them into a diversified exchange-traded fund. But what about cryptocurrencies, like bitcoin? Some experts are working on new strategies that, one day, may allow digital assets to be converted into indexed products without the immediate tax implications.
“[Some investors] were early on in the crypto space, and it’s now highly appreciated for them,” said Matt Bucklin, founder of ExchangiFi, an educational platform for 351 exchange…
