Crypto cost basis

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For example, if you trade mining it, it's considered taxable income: counted as fair market way that causes you to you must pay on your tax return. Cryptocurrency charitable contributions are treated your adjusted cost basis.

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Cost basis = Purchase price (or price acquired) + Purchase fees. Capital gains (or losses) = Proceeds ? Cost basis. Let's. Cost basis is the original purchase price of a crypto asset for tax purposes. When you sell, trade, or dispose of your crypto, it triggers a. Calculating cost basis for crypto. Cost Basis = Sum of the Purchase Price plus any Purchase Fees (including transaction fees, commissions, or other acquisition-.