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Coinbase card transactions considered expenses?
It seems the import tool has labeled everytime I used my coinbase card as "Capital Gain/Loss". Is this right? The other option is withdrawal. I hope it is right because otherwise I have to somehow edit every single time I purchased something with it. I bought USDC to fund the card. I did not sell any other crypto to make the purchases.
I tried googling expense vs withdrawal but they didn't seem to apply to what amounted to using a prepaid debit card.
Thanks!
March 12, 2023
8:12 PM