Part 2 of a comprehensive 3-part series intended to help you understand and become savvy with tax issues and considerations with respect to virtual currency. With the exception of buying virtual currency (cryptocurrency) like Bitcoin, a taxable event occurs. As a tax preparer, you need to be aware of the implication that has for your client. If your client were to buy Bitcoin and turn it into Ether, would that qualify for a 1031 like-kind exchange? This course will examine IRS guidance on the topic, and actual case studies of how to keep your clients in compliance with virtual currency.