If it is property wouldn't it only be taxable if it is transferred to U.S. dollars? That is how I saw it, you don't have a taxable income if you trade a piano for a guitar, but you do have taxable income if you sell a guitar.
If it is property wouldn't it only be taxable if it is transferred to U.S. dollars? That is how I saw it, you don't have a taxable income if you trade a piano for a guitar, but you do have taxable income if you sell a guitar.
RE: Crypto Tax Blog - Investing in Bitcoin? Let’s Learn U.S. Tax Rules! (Part I-A)