Say I want to buy something, like a truck for example, with my #Bitcoin that I legally bought with my post-tax labor wages.
10% in local sales taxes and title fees
+
15% federal capital gains tax on an *indeterminable appreciation*
Forget the ridiculous 25% tax amount for a moment. How do I determine my #Bitcoin cost basis on several years of small DCA purchases? Is the expectation to guess and consequently lie on a tax return? Bc the actual cost basis can't be accurately proven, and would require enormous effort to attempt.
Nate
npub1du…7uv5t
2024-04-28 18:52:24
Author Public Key
npub1dukh7q9f2hv6anwyevuw7ru797n43hcpp960zed7f5t8pw6mk4msx7uv5tPublished at
2024-04-28 18:52:24Event JSON
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