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For transactions completed on or after January 1, 2018, the Internal Revenue Code now prohibits the use of Section 1031(a) for cryptocurrency transactions, and requires a taxpayer to recognize taxable gain or loss at the time that any cryptocurrency is converted into another cryptocurrency. Section 13303 of P.L. 115-97 (the tax act signed into law on December 22, 2017) changes Section 1031(a) to state as follows: “No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment if such real property is exchanged solely for real property of like kind which is to be held either for productive use in a trade or business or for investment.” Features by User Type General Incorporated AssociationJVCEA Member