BTCMILLIONAIRE
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November 30, 2017, 11:46:32 PM

Are closed altcoin profits in btc a realized gain? That wouldn't be fair because if I hold them indefinitely they will inevitably be worth 0 and uncle Sam isn't going to reimburse me.
If you trade any of your cryptos for crypto, fiat, or even goods, you're creating a taxable event on which you get a tax break in the case of losses [...]

Wait, are you sure about this? so if my commodities depreciate I get to pay less taxes? I'm completely ignorant about US tax law
Keep in mind that I am basically ignorant about the US tax code as well. But generally if you close positions at a loss it's benefitial to you from a tax perspective (tax deducible). You could game that too with a sufficiently diversified portfolio by kicking out your losers and thus keeping more of your (realized) profits. It's not lucrative enough to specifically target shitty investments though.