It’s not about avoiding taxes, it’s having to submit every single transaction you make in crypto on your tax forms. One year I had to manually compile hundreds of transactions. Only for the irs forms to show their of a net loss and no taxes needed to be paid.
I wasn’t using it as an investment, so I didn’t care about the loss, which was under $10 anyway.
iopq@lemmy.world 5 days ago
When you change btc into eth the IRS considers it realizing your capital gains. Even though you don’t have USD to pay extra taxes with.