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DOGE Is About To Shut Down? (Meme Coin Close To Collapse)Trades between coins are where crypto taxes get complicated. A crypto trade is a taxable event. If you trade one cryptocurrency for another, you're required. Yes, if you sell cryptocurrencies for cash and realize a profit (i.e., the cryptocurrencies have increased in value since you acquired them). If you sold, regardless of whether it was for fiat money or exchange for another token or coin, it would be classified as sale for tax purposes.