There's a chance that the IRS seem utilize its earlier income decisions on gold bullion as a premise for taking the position that, for exchanges completed on or earlier to December 31, 2017, distinctive cryptocurrencies are not “property of like kind” beneath Area 1031(a). In Rev. Rul. 82-166 (October 4, 1982), the IRS ruled that an trade of gold bullion for silver bullion does not qualify for non-recognition of pick up beneath Area 1031(a). The IRS expressed: “Although the metals have a few comparable qualities and employments, silver and gold are naturally diverse metals and primarily are utilized totally different ways. Silver is basically an mechanical product. Gold is basically utilized as an speculation in itself. An speculation in one of the metals is on a very basic level distinctive from an venture within the other metal. In this manner, the silver bullion and the gold bullion are not property of like kind.” The IRS moreover expressed in Rev. Rul. 79-143 (January 5, 1979) that an trade of $20 U.S. gold numismatic-type coins and South African Krugerrand gold coins does not qualify for non-recognition of pick up beneath Segment 1031(a). The IRS expressed: “The bullion-type coins, unlike the numismatic-type coins, speak to an venture in gold on world markets instead of within the coins themselves. In this manner, the bullion-type coins and the numismatic-type coins are not property of like kind.”

With regard to advanced resources obtained through a difficult fork or airdrop, the IRS issued Rev. Rul. 2019-24. Compatible to this income administering, the IRS affirmed that the unused resources coming about from such occasions can result in income to the citizen. The IRS moreover concluded, be that as it may, that a citizen does not have net salary as a result of a difficult fork on the off chance that it does not get the modern cryptocurrency. In April 2021, the IRS discharged Chief Advise Exhortation notice 202114020 (Difficult Fork CCA) that particularly tended to the assess results of the 2017 difficult fork that made Bitcoin Cash. The IRS concluded that a citizen who gotten Bitcoin Cash as a result of the difficult fork had realized net salary. The IRS encourage concluded that when the citizen gotten “dominion and control” over the Bitcoin Cash would decide, for assess purposes, its date of receipt and the assurance of its reasonable showcase esteem.