A distinction between an asset issued directly on a blockchain and a representation brought from another chain through a bridge.
Native and bridged versions of the same asset can trade at different prices and carry different risk, and swapping between them is a disposal under the exchange position. Bridged tokens that lose their backing become worthless on their own, separately from the native asset.
Under the common position, yes, because they are different tokens from different issuers even if they represent the same underlying asset.
Source: No IRS guidance as of September 2026; IRS Notice 2014-21 (property treatment)
Last reviewed September 18, 2026. Tax rules change; confirm current law before acting.
A confidential consultation. Tell us what you have, and we will tell you what applies and what it costs.
Hourly billing, estimated up front, with a deposit applied to the work.
Fill this out and we will reach out to schedule your consultation.
