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Thanks for the quick reply! Given your experience in filing taxes, do you know anything how penalties are assessed or managed? If I defer my capital gains taxes using the like-kind exchange argument, I'd pay immediately if they come back to me saying that it's not allowed. However, I don't...

I have a question about the like-kind exchanges. I read the whole article, the IRS's FQA on crypto, the old laws (2017 and prior) and how section 1031 was amended to "real property" from just "property". I understand that moving forward I will definitely, no questions asked, need to pay cap...