Lorenzo
Tue Aug 06 2024
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5 answers
906
Does section 1031 A-2 apply to cryptocurrencies?
Could you please clarify for me, does the tax code provision in section 1031 A-2 specifically apply to transactions involving cryptocurrencies, such as Bitcoin or Ethereum? I'm trying to understand if there's any guidance in the law that addresses the tax treatment of these digital assets when they're exchanged for other cryptocurrencies or for property that would typically qualify under the like-kind exchange rules. Your insight would be greatly appreciated.
