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Thursday, January 8, 2026
Crypto-to-crypto swaps are taxable. I fucked up.
So I've been trading on Coinbase for like 3 years now and just found out that every time I swapped one coin for another, that counted as a taxable event. I genuinely thought taxes only happened when you cashed out to USD.
Apparently the IRS treats it like you're selling one crypto and buying another, so you owe capital gains on whatever profit you made since you bought the first coin. This was very stupid of me and I should have done my research because I've done probably 50+ swaps between ETH, BTC, SOL, whatever, and never reported any of it.
I'm probably being paranoid, but my dad got audited last year over some random real estate thing and it was a nightmare for him. That whole situation made me anxious enough to actually go back and figure out my crypto taxes. Spent a weekend pulling transaction history from Coinbase and used CoinLedger because I was too lazy to calculate everything manually (I’ve heard all the platforms are pretty similar though, Koinly/Bitcoin.Tax are other options and you can try them all out for free). Turns out I owed like $2,400 from last year alone.
Just wanted to give others a heads up if you're in the same boat. Holding coins is fine, moving between your own wallets is fine, but swapping counts as disposing of the asset. And yeah, I know some of you are gonna say there's no point worrying about this stuff, and fair enough. I just wanted to sleep better at night.
TL;DR: Every crypto-to-crypto swap is taxable, not just when you cash out to fiat. Found this out the hard way after years of unreported trades.
Bitcoin Drops 26% After Ansem’s Bullish Prediction Turns Wrong
Bitcoin Faces Sudden Drop After Bullish Forecast Bitcoin’s price recently faced a sharp 26% correction after crypto influencer Ansem made a premature bullish prediction. In October 2025, Ansem shifted ...
Details: - Published: 08/01/2026 20:42 (UTC) - 📊 Characteristics Score:
Asset Type: others Sentiment:
-0.85Entropy:0.75Relevance:0.6Staleness:0.4Uncertainty:0.9Level-1 Focus: market-cycles-macro-sensitivity, political-endorsements-opposition Level-2 Focus: market-volatility-liquidity-events, political-opposition-bans - 🏷️ Tags: #bitcoin #ansem #price-correction #influencer-sentiment #solana #volatility #market-sensitivity #crypto-market
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