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Get your taxes done using TurboTax
So If I received 14.9% of my claim back in Ionic Stock. When I document the forced selling of one crypto into portions of BTC/ETH/ Ionic Stock can I list the stock on my crypto tax platform as cash? As in the dollar value of the stock listed at the $20/share stated? For example say I owned X amount of Solana. I list a sale of the Solana and received amount of X BTC, X ETH, $130 (to account for the Ionic stock) Will that work? I have to cost basis and everything, but just want to make sure I can account for the Ionic stock in this way since it is not even tradable or listed at present time. I figure in the future If I am able to sell the Ionic stock I will just account for the $20 received price as my starting point.
‎December 6, 2024
10:00 AM