<p><a href="https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions" rel="nofollow noreferrer">https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions</a></p>
<p>(Retrieved 2022-03-16)</p>
<blockquote>
<p>Q16.  Will I recognize a gain or loss if I exchange my virtual currency for other property?</p>
<p>A16.  Yes.  If you exchange virtual currency held as a capital asset for other property, including for goods or for another virtual currency, you will recognize a capital gain or loss.  For more information on capital gains and capital losses, see Publication 544, Sales and Other Dispositions of Assets.</p>
</blockquote>

CC BY-SA 4.0
2022-03-16T11:41:45.787Z
2022-03-16T11:41:45.787Z
RedGrittyBrick
<p>as per my understanding, any <em>sell</em> event is a taxable event. Even if that event is converting a crypto.</p>

CC BY-SA 4.0
2022-03-16T15:44:02.187Z
2022-03-16T15:44:02.187Z
t480625
<p>Is it possible to convert eg. BTC to ETH and pay capital gains tax only when you sell and convert crypto into USD?</p>

CC BY-SA 4.0
2022-03-16T09:11:03.623Z
Does this answer your question? [How to report the tax if I trade BTC to LTC?](https://bitcoin.stackexchange.com/questions/56597/how-to-report-the-tax-if-i-trade-btc-to-ltc)
RedGrittyBrick
CC BY-SA 4.0
2022-03-16T10:08:14.420Z
No, it's outdated, 4 years ago.
user133090
CC BY-SA 4.0
2022-03-16T21:39:38.743Z
I’m voting to close this question because bitcoin.stackexchange is not the appropriate place to ask about taxstion questions (especially when OP doesn't even mention which jurisdiction they reside in).
chytrik
<transactions><blockchain><exchanges>
Do you have to pay capital gains tax when selling and immediately buying another cryptocurrency in US?
user133090
# Do you have to pay capital gains tax when selling and immediately buying another cryptocurrency in US?

(Asked by: username_0 on 2022-03-16)

Is it possible to convert eg. BTC to ETH and pay capital gains tax only when you sell and convert crypto into USD?

**Tags:** transactions, blockchain, exchanges

> **Comments:**
> **username_1**: Does this answer your question? [How to report the tax if I trade BTC to LTC?](https://bitcoin.stackexchange.com/questions/56597/how-to-report-the-tax-if-i-trade-btc-to-ltc)  
> **username_0**: No, it's outdated, 4 years ago.  
> **username_2**: I’m voting to close this question because bitcoin.stackexchange is not the appropriate place to ask about taxstion questions (especially when OP doesn't even mention which jurisdiction they reside in).  

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## 2 answers

### Answer by username_1 on 2022-03-16. Score: 2 | Accepted answer

<https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions>

(Retrieved 2022-03-16)

> Q16. Will I recognize a gain or loss if I exchange my virtual currency for other property?
>
> A16. Yes. If you exchange virtual currency held as a capital asset for other property, including for goods or for another virtual currency, you will recognize a capital gain or loss. For more information on capital gains and capital losses, see Publication 544, Sales and Other Dispositions of Assets.


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### Answer by username_3 on 2022-03-16. Score: 0

as per my understanding, any *sell* event is a taxable event. Even if that event is converting a crypto.


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