Ugh, I was afraid of this happening. Does this mean that if you day trade for a week and the money flows through lets say 10 cryptos, that somehow each one of those would be taxed at the short term rate? Wouldn't that equal 100 percent? I understand that the government is crazy unfair, but I don't think this happens with day traders so what would that scenario fall under?
RE: Trading Bitcoin for an Altcoin Won’t Shield You From the IRS Anymore