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Question I got today - person has been buying DCA since 2017 - he is considering taking some BTC for personal reasons.

Now when he cashes out into cuck bucks - which BTC is he selling for tax purposes when he's been buying recently.

Does that make sense?

#bitcoin #asknostr #freedommoney

Speak to an experienced tax professional. I believe first in first out is how most calculate their cost basis

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Fuck.. that’s rather ridiculous!🤣🤣

That’s why I assume you need UTXO management and where which sats were bought from..

Yes, it is rather absurd. Better report all those non KYC sats youve ever obtained and sold or used to buy things with too 😆

I had a boating accident unfortunately 🤦🏻‍♂️🤦🏻‍♂️