Unfortunately, there's more misinformation than truth going around on the topic of like-kind exchanges. Many cryptocurrency investors have some grave misunderstandings about the benefits (and downsides) of treating their crypto-to-crypto trades as like-kind exchanges under Section 1031. Truth #1: It's possible for cryptocurrency to qualify as "like-kind property"In order for crypto-to-crypto trades to qualify as like-kind exchanges under Section 1031, the cryptocurrency involved in the trade must be "like-kind property." For a more in depth analysis of the like kind test for cryptocurrency, read: Do Cryptocurrency Trades Qualify As 'Like-Kind Exchanges'? I tend to think cryptocurrency can indeed qualify as like-kind property, but reasonable minds can certainly disagree with this conclusion.

Source: Forbes February 19, 2018 20:48 UTC