In the US the taxable event generally occurs when one currency is converted back...

		Xorakios on March 25, 2023 \| parent \| context \| favorite \| on: We asked the SEC for reasonable crypto rules for A... In the US the taxable event generally occurs when one currency is converted back to USD, not when a non-USD currency is spent. Real-time conversions do occur and you are absolutely correct it can turn into a tax nightmare when traveling :(