Great article one of your recent posts took me here. I recently wrote an article on the like kind exchange, analyzing parallels with the IRS's treatment of physical gold; it's a read that you might enjoy.
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@cryptotax very awesome article. I enjoyed reading about the parallels with gold and silver because of the similar correlation between that and cryptos.
After reading through the 1031 Excluded Properties, I had even speculated in my article that crypto may fall into this category. Even if one puts aside the uncertainty of the SEC's ruling about ICOs falling into a case by case basis to determine if a crypto is a security, one more interesting question is if holding tokens implies interest in the protocol (such as in a Proof of Stake or Delegated Proof of Stake scenario).
My hope is given the increased interest in cryptocurrency from the varying regulatory bodies, guidance and/or legislation will be provided in the near future.
Thank you! I hope for some guidance soon as well on like kind. Also how a hard fork is treated is a whole second issue that needs to be addressed. Until then, we can only speculate. I will follow you for future posts. Myself, I plan to write about tax/finance topics weekly. Steem on!