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Get your taxes done using TurboTax
Thanks for the link. I saw this: "No. If you transfer virtual currency from a wallet, address, or account belonging to you, to another wallet, address, or account that also belongs to you, then the transfer is a non-taxable event, even if you receive an information return from an exchange or platform as a result of the transfer."
I could not confirm whether you actually could choose to treat it as a sale and repurchase. Obviously, I could choose to manually do it that way before/after the transfer (with some additional cost in fees), so in that sense it feels like a technicality that perhaps could be allowed.
The issue here is simplifying accounting. If I transfer currency from one exchange to another, and there are 18 open lots from the source exchange, I need to make sure that the target exchange carries in those 18 different positions. Normally, the target exchange export will only list one "deposit" transaction. It's a solvable problem, of course. Probably have to manually edit the export from the target exchange to change one deposit into 18 deposits.