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Celsius distributions
So my situation is this: Let's say I had 500 USDC, 0.005 BTC, and 0.07 ETH at Celsius. I received 0.006 BTC and 0.09 ETH in the settlement, probably because the majority of my Celsius holdings were USDC. So I actually received a little bit more BTC and ETH in the settlement. I'm still thinking to do a manual transfer for each, and then the extra BTC and ETH amounts marked as income? Or marked as conversion from USDC as "Realized Profit/Loss"?
Or should I just treat the USDC, BTC, ETH as investment loss, and then the new BTC and ETH that I received in PayPal as income?
I would be interested to know which is better way. Thanks again for any insights that you may have!
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‎February 22, 2024
5:20 AM