Ive looked this up and got a variety of opinions, from old threads here. I’m going to have eight cb sells with the btc all coming from a book where everything is kept in US $. So when the btc hits cb and I sell immediately do I treat the incoming btc as my buy price and just use the cb sell price as the numbers on my 8949 tax form? It seems like that works and it all pretty much comes out as a wash with some small short term capital gains or losses
This is the first year I’m going to be getting the 1099 form from cb and I’d like to get it right. My guess is there are going to be a lot of posters with the same question, since this is the first year cb is 1099ing everyone with over $600 in transactions
Thanks to anyone who responds
This is the first year I’m going to be getting the 1099 form from cb and I’d like to get it right. My guess is there are going to be a lot of posters with the same question, since this is the first year cb is 1099ing everyone with over $600 in transactions
Thanks to anyone who responds