Erik on Nostr: Lets say some btc from a private wallet was sent to your strike account. (“Somehow ...
Lets say some btc from a private wallet was sent to your strike account. (“Somehow you received it”)
Doesnt matter who sent it, it looks like your cost basis is the current conversion rate upon transaction timestamp, at face value.
Now strike uses Highest-In-First-Out (HIFO) calculation. If you dont sell, then there shouldnt be a taxable event.
If you sell some btc, then you can always contact the strike team to correct any tax docs with the proof of documentation.
Doesnt matter who sent it, it looks like your cost basis is the current conversion rate upon transaction timestamp, at face value.
Now strike uses Highest-In-First-Out (HIFO) calculation. If you dont sell, then there shouldnt be a taxable event.
If you sell some btc, then you can always contact the strike team to correct any tax docs with the proof of documentation.