elestar16
New Member

Get your taxes done using TurboTax

Hi Carl,

I also had bought 150$ crypto. later transferred to my wife's account. its price had increased to 200$ during transfer. Sold from her account for 195$.  So technically 45$ gain. But Tax software is not considering this gain. its considering 200$ itself as cost basis on her account and calculating a loss of 5$ when sold at 195$.   if this correct???