Here’s the truth: every time you sell, trade, or swap crypto, it’s a taxable event — even if you never convert to USD.
If you hold crypto for more than 12 months, it’s taxed as long-term capital gains (up to 20% federal + 3.8% ACA + state tax). Sell sooner, and you’re hit with ordinary income rates up to 37% — plus state tax.
The IRS treats crypto as property, not currency. Every trade counts.
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