Tax Questions
I hope this is the right place for this question. I have been buying BTC in little bits and pieces over the last two years, and I’m thinking of selling some now for some much needed cash. My question is, how do I calculate the cost basis for a selling transaction that includes BTC bought at different times at different prices? Follow up question, if I use a service like CryptoTrader.Tax, what determines which transaction they use to determine my cost basis? For example, if I bought BTC 10 separate times, then sell half of it, how do they determine whether I am selling the first 5 buys or the last 5, or a different combination?
Any helpful answer would be appreciated.
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