Questions tagged [cost-basis strategies]

1,000+ questions

AstroCheeseDec 15, 2021 · 3 years ago8 answers
What are the tax implications for reporting cost basis of cryptocurrencies to the IRS?
Can you explain the tax implications of reporting the cost basis of cryptocurrencies to the IRS?
Cryptocurrencies
Tax Implications
IRS
MARAGATHAAMBIKAA R ECEDec 15, 2021 · 3 years ago6 answers
What is the impact of hifo cost basis on cryptocurrency taxes?
Can you explain the impact of hifo (highest in, first out) cost basis on cryptocurrency taxes? How does it affect the calculation of capital gains and losses?
Cryptocurrency
Taxes
Hifo
Dinesh yadavDec 15, 2021 · 3 years ago8 answers
Can TurboTax Premier online help with calculating the cost basis of my cryptocurrency investments?
I am wondering if TurboTax Premier online can assist me in calculating the cost basis of my cryptocurrency investments. I have made several investments in different cryptocurrencies and I need to accurately determine the cost basis for tax purposes. Can TurboTax Premier online handle the complexities of cryptocurrency investments and provide me with the necessary calculations?
TurboTax Premier Online
Cryptocurrency Investments
Cost Basis
Joshua DanielDec 15, 2021 · 3 years ago5 answers
Are there any special considerations for reporting cost basis on Robinhood for cryptocurrency tax purposes?
What are the special considerations that need to be taken into account when reporting the cost basis on Robinhood for cryptocurrency tax purposes? Are there any specific rules or guidelines that apply to Robinhood users?
Cryptocurrency
Tax
Robinhood
Boris LouchartDec 15, 2021 · 3 years ago7 answers
What are the tax implications of the cost basis for options in the digital currency space?
Can you explain the tax implications of the cost basis for options in the digital currency space? How does it affect individuals who trade options in the digital currency market?
Digital Currency
Tax Implications
Options
Bjerregaard CoyleDec 15, 2021 · 3 years ago9 answers
How can cryptocurrency exchanges ensure compliance with cost basis reporting regulations?
What steps can cryptocurrency exchanges take to ensure they are in compliance with cost basis reporting regulations?
Cryptocurrency
Exchanges
Compliance
TamDec 15, 2021 · 3 years ago5 answers
How does the 1099-B cost basis affect my cryptocurrency tax obligations?
Can you explain how the 1099-B cost basis affects my tax obligations when it comes to cryptocurrency?
Cryptocurrency
Tax Obligations
1099-B
tiredtianDec 15, 2021 · 3 years ago1 answers
How does the Spectra Energy spin off affect the cost basis of digital currencies?
What is the impact of the Spectra Energy spin off on the cost basis of digital currencies? How does it affect the valuation and taxation of digital currencies?
Digital Currencies
Spectra Energy Spin Off
Cost Basis
stromy kibaDec 15, 2021 · 3 years ago0 answers
How does the failure to report the cost basis of my digital assets on a 1099-B form affect my tax obligations to the IRS?
What are the consequences if I fail to report the cost basis of my digital assets on a 1099-B form when filing my taxes?
Digital Assets
Tax Obligations
1099-B Form
Huang LangballeDec 15, 2021 · 3 years ago1 answers
How do fees affect the cost basis in cryptocurrency trading?
Can you explain how fees impact the cost basis when trading cryptocurrencies?
Cryptocurrency
Trading
Fees
ahmadDec 15, 2021 · 3 years ago6 answers
What is the impact of no cost basis on 1099-b in the cryptocurrency market?
Can you explain the consequences of not having a cost basis for reporting on 1099-B forms in the cryptocurrency market? How does it affect tax reporting and compliance?
Cryptocurrency
Tax Reporting
1099-B
mullapudi gopivardhanDec 15, 2021 · 3 years ago9 answers
How can I report cryptocurrencies with no cost basis on 1099 b for tax purposes?
I need to report my cryptocurrencies on my 1099 b for tax purposes, but I don't have the cost basis information. How can I accurately report them without this information?
Cryptocurrencies
Tax Reporting
1099 B
RayzDec 15, 2021 · 3 years ago9 answers
How does the balance vs cost basis affect the taxation of cryptocurrencies?
Can you explain how the balance vs cost basis affects the taxation of cryptocurrencies in detail? What are the implications of using one method over the other?
Cryptocurrencies
Taxation
Balance
improveyouDec 15, 2021 · 3 years ago6 answers
How can I calculate my gains or losses using zero cost basis for my cryptocurrency investments?
I want to calculate my gains or losses for my cryptocurrency investments using the zero cost basis method. Can you provide me with a step-by-step guide on how to do this?
Cryptocurrency
Gains And Losses
Zero Cost Basis
Madhavi PichukaDec 15, 2021 · 3 years ago3 answers
How do I calculate the proceeds and cost basis for my cryptocurrency investments?
I have made some investments in cryptocurrencies and now I want to calculate the proceeds and cost basis for tax purposes. Can you guide me on how to do it?
Cryptocurrency
Investments
Tax

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