I used some crypto profits to purchase some precious metals. It's technically a re-investment, DO I still need to pay taxes on that? Here are a bit more details: I got some profits trading cryptos on Binance.com and, decided to use them to buy precious metals. I transferred my crypto profits to Bitpay.com and did the transaction from there. Thank you All
Think of it this way: If you held Microsoft stock, and sold it to buy some Amazon stock, would your tax office treat that as a reinvestment, or would you be held accountable for any profit or loss you made on the Microsoft sale? KH