Do You need to pay taxes when using crypto profits to buy precious metals?

D

Dom90

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
 
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