Did you actually read it? Perhaps I have spent too many hours doing tax returns but…
We are not changing composition and there are no capital gains or losses. It is a straight 1 for 1 transfer at par value meaning the asset is at exactly the same value the moment the transfer is done (since Maid erc20 does not exist before the swap).
Emphasis mine:
We are not exchanging. It is a transfer at par 1 to 1 value. In old world terminology your just transforming the account that holds it.
There no contracting parties. It is a transfer with one owner.
Emphasis mine:
At the instant the 1 to 1 swap is made, the value is exactly the same. It is not an exchange and your not altering the composition. It is Maid held in one account transferred to Maid held in a different account.
Think of it as withdrawing cash from the ATM, or asking your broker for the stock cert. Your transforming the protocol but there is no mismatch in value. Sure, afterwards the value of Maid (Omni) and Maid (erc20) may possibly diverge but that is irrelevant: Your not taxed right now because the “value” of the Maid you have on your paper wallet is different to the Maid you transferred to Bittrex which is different to the value of the Maid you sent to some scam exchange.