Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
AlexandrB
on May 19, 2021
|
parent
|
context
|
favorite
| on:
Crypto crash deepens, stocks slip
As someone else on here pointed out, the IRS would consider this selling ETH and buying an equivalent value in DAI. Selling the ETH is taxable as capital gains. Whether the IRS catches your friend or not is a different matter.
coolspot
on May 19, 2021
[–]
Point is, if you sell ETH for USD on Coinbase, they will report you to IRS.
But if you convert ETH to DAI, no one will get a report for that.
Consider applying for YC's Summer 2026 batch! Applications are open till May 4
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
