No.8280
File: 1641173072030.jpg (105.38 KB, 853x900, __serval_kemono_friends_dr….jpg)
>what does that even mean?
you pay taxes on the change between the assets value. if you bought something at $1 and sold it at $2 then you pay cap gains tax on the $1 gain.
i have my first crypto purchase from coinbase 7 years ago. why can't i just write that to my shitcoin and leave it? thats good enough right?
maybe. talk to an accountant if you want to be sure
>exchanges dont store my history and who tf keeps history of every trade from the past 7 years
if you want to claim a basis more than 0 its your responsibility to hold the receipts from when you bought the asset in case the irs audits you. crypto was never exempt from cap gains taxes since they apply to any asset.