goingsk
New Member

Transferred BTC from account A to account B, so have no cost basis, how do I report?

Transferred BTC into CashApp and sold it in 2020. Have no cost basis but do have proceeds on 1099 since it was a transfer.  How do I report this?  The account I transferred FROM was a cash out from a gambling site, paid in BTC, so there's not really a cost basis to it (gambling income reported separately).