> For the complete documentation index, see [llms.txt](https://docs.recap.io/us-tax-guide-for-individuals/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.recap.io/us-tax-guide-for-individuals/cryptocurrency-tax/income-tax/tax-on-tokenswaps-and-mainnetswaps.md).

# Tax on Tokenswaps and Mainnetswaps

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There has been no official guidance on Tokenswaps or Mainnetswaps from the IRS and as such we recommend that you speak with your tax attorney or accountant about the best way to file your return.
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These swaps are where a cryptocurrency moves to a different technology. Providing all tokens on the original blockchain are destroyed and the holder receives the same value of tokens on the new blockchain, there is an argument that a taxable event does not occur.