[verdverm]

The IRS has a nice FAQ here https://www.irs.gov/individuals/international-taxpayers/freq...

Your analysis should be correct based on my understanding of the tax treatments

[Rule35]

It should be a bit simpler because it is intended not to change in value. If you sell it for what you get it for you may not need to file a pub544. Not sure.

[dgellow]

Stablecoins are never perfectly pegged, so you still have some gain/loss

[Rule35]

It's generally easy not to, because they bounce around the peg. You can set your sale at 1.00 and wait, it won't take long.

It might not matter though. If you have to file anyways then shoot for profit.