Wait a minute. Is Coinbase doing us a huge favor by calling each transfer of bitcoin of their exchange a 'sale'? (reddit.com)

[Title edit: second ‘of’ should be ‘off’] If I bought $ 100 of bitcoin from my bank to Coinbase, then like a good bitcoiner, transfer that bitcoin to my own wallet right away . . . then from the time of purchase to the time of transfer the bitcoin price hardly moved right? If this is called a ‘sale’ as far is IRS regs go, then I would show no difference between purchase and ‘sale’, therefore, no capital gain, therefore little or no tax event. Further, the years the IRS wants the John Doe data…

Bitcoin