Is Trump really pro-crypto? 𤔠Back in 2018, the Tax Cuts and Jobs Act (TCJA) signed under the Trump administration eliminated 1031 âlike-kindâ swaps for crypto. Before this law, many investors believed you could trade Bitcoin for Ethereum without triggering capital gains. After 2018, every crypto-to-crypto trade became a taxable event. So while Trump is often labeled as âpro-crypto,â his biggest tax reform actually closed one of the most powerful strategies crypto investors were using. In this video, I break down what changed in 2018, how it impacts investors today, and what it means for crypto moving forward. ð’ Subscribe for more crypto tax, wealth, and legal strategy content every week. #CryptoTax #TrumpCrypto #TaxCutsAndJobsAct #1031Exchange #CryptoInvesting #CryptoRe
Leave a Reply