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Tax Guidance Needed for Celsius Refund and Bankruptcy Impact
I had 0.138887 BTC held in the Celsius interest-earning program, which included:
- Original BTC deposited: 0.133502 BTC
- Interest earned: 0.005385 BTC
However, following Celsius's bankruptcy on July 13, 2022, I received a refund on March 18, 2024, consisting of 0.02490483 BTC and 0.37217097 ETH. The ETH is like a new coin which I did not hold in Celsius, I have not received any other distributions. How should I handle the taxes for this scenario? Also what happens if Celsius did distribute something else in the future.
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‎January 11, 2025
9:09 AM