Am I supposed to pay Cap Gains taxes on the network fees I pay to move Bitcoin?
Discussion
fees pay Am Gains on the network to move pay Cap taxes I to Bitcoin? supposed I
fees pay Am Gains on the network to move pay Cap taxes I to Bitcoin? supposed I
If so, Are we supposed to pay Cap Gains taxes on the network fee Cap Gains taxes?
I believe you can add the fees/cost to the originalāpurchase priceā of the coin when reporting.
#asknostr for inbound the sender paid the fee, so your cost basis is on what you received. Outbound only taxable if you sold btc for usd. (not sent to another btc wallet, not tax advice)*
Yep. Even if between your own wallets. And check that box on your taxes.
It's stupid.
You have to do whatever the government says
YES. AND THIS ZAP I'M SENDING IS INCOME THAT YOU ARE OBLIGATED TO REPORT.