Hypothetical: Say I bought crypto a year ago, but also I have been investing each day.
All funds go into a cold wallet.
Then recently I decided to use the same address to deposit spending money, however this bitcoin is bought and sold for goods immediately
This means each bitoin to fiat conversion would generate a taxable event. However; how would I or the government know if I am spending crypto I held a year ago vs the crypto I deposited recently.
No comments:
Post a Comment