AmyC
Expert Alumni

Get your taxes done using TurboTax

You have a screenshot! It shows your FMV at a specific point in time. This was a forced liquidation. Your value before is shown - proven versus the proceeds of what you received to show a capital loss.

 

Let's make a log:

Cost Basis - The GSUD is stable and you don't need a log to prove xGSUD =$x. Your screenshot is your proof.

Date acquired will be the date you deposited into Celsius (or estimate)

Date sold - use the bankruptcy date or when you received the BTC

Proceeds - FMV of the BTC on the day you received it

 

If the IRS asks for more: 

bank statements showing the outgo of funds

emails: statements, reward, balance - shows you actually were the owner

 

Two final thoughts:

1. Ionic digital stock has a separate basis - if you received it.

2. If you decide to mail the 8453, it may go a long way to include a brief statement explaining the records were lost due to the Celsius bankruptcy and that you used available data to reconstruct the basis in good faith.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"