10/22/2026
No dollars left your account, but a coin-for-coin swap is still a taxable trade.
Many filers assume nothing counts until they cash out. The IRS treats crypto as property, so swapping one coin for another is a disposal.
What settles it is logging each swap as value received minus your cost basis, on Form 8949.
CRPTM sorts each transaction and matches transfers between your own accounts, so the records line up. US filers, spot trading.
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