OneNostrich on Nostr: Curious if you came up with some scheme for the future cost basis reporting. My ...
Curious if you came up with some scheme for the future cost basis reporting. My scheme is to transfer all BTC to a single self custody wallet. Purchases from 1 source, and any sale thru a different broker / exchange. My goals are 1) be the sole provider of cost basis to IRS 2) ensure all sales are considered long term capital gains.
IRS still pending to define any rules specific to self custody wallets.
Published at
2025-01-06 20:40:59Event JSON
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"content": "Curious if you came up with some scheme for the future cost basis reporting. My scheme is to transfer all BTC to a single self custody wallet. Purchases from 1 source, and any sale thru a different broker / exchange. My goals are 1) be the sole provider of cost basis to IRS 2) ensure all sales are considered long term capital gains.\nIRS still pending to define any rules specific to self custody wallets.",
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