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Jack⚡️ 1y ago

Yo Nostr,

If you don’t know the cost basis for some BTC you’re about to sell to pay off a credit card, how do you calculate the tax?

#asknostr #bitcoin #tax

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Big Barry Bitcoin 1y ago

If you don't know or can't provide a reasonable estimate (ask an accountant), then the cost basis is 0 and profit is 100%.

Ask an accountant for help.

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calimike 1y ago

Don’t pay taxes. Fuck the govt 🫶✌️