Does anyone have experience inputting your cost basis on nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 ? I’m discovering that if you move your coins off Strike to cold storage, and then back to Strike to sell, you will need to input the cost basis manually - even though you bought the coin originally on strike. I’d like to know how easy/difficult this process is. I’m working on doing the Bitcoin Standard through Strikes Bill Pay and this is the last hurdle. nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle #strike #bitcoin
Discussion
Hi Rojo, i dont move mine off Strike till im sure it wont have to go back.Their customer support is pretty good though. I took all my pay in bitcoin with Strike last year and started the bill pay this year. Please share your results.
There will come a point (retirement) when you move your stack back to strike to sell. I think a lot of people are banking on a different tax structure on Bitcoin in the future. I wouldn’t count on it.
I agree. You need to take account of your cost basis now to make future sales easier.