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paranoidcoder / Paranoid Coder
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2024-12-18 22:25:17

paranoidcoder on Nostr: jack mallers question about the 1099-B forms provided by strike. Let’s say I’ve ...

jack mallers (npub1cn4…3vle) question about the 1099-B forms provided by strike (npub1ex7…vyt9). Let’s say I’ve bought Bitcoin elsewhere and transfer some funds to Strike to use with Bill Pay. The 1099-B form won’t accurately be able to calculate the capital gains since the Bitcoin wasn’t purchased on the platform, correct? In that case I’m guessing you’d want to use the transaction statements across Strike and your other exchanges and skip the 1099, or buy enough Bitcoin on Strike to match the bill pay in order to get a correct 1099?
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