uk05
Level 3

Get your taxes done using TurboTax

Thanks. That's what I just ended up doing.

 

When VGX -> USDC swap / exchange occurred, the acquire date of VGX tokens is the airdrop date from 2021 (which I already reported as income from tax year 2021) & the sell date is the swap / exchange date in 2023 when it was converted to USDC. The buy & sell cost basis' is the dollar value of the VGX tokens on those acquire & exchange dates. 

 

Likewise for the subsequent USDC -> USD swap / exchange, the acquire date is the same date as the aforementioned VGX -> USDC swap / exchange in 2023 & the sell date is also in 2023 per the transaction report. The buy & sell cost basis' is the dollar value of the USDC token on the above 2023 exchange & sell dates. 

 

Thus, two swaps / exchanges, so two sell transactions.

 

I'll mark this as closed.

 

Thank you.