elestar16
New Member

How to report crypto transfer between spouses if married filing jointly

If I bought 150$ crypto. later transferred to my wife's account when price increased to 200$ during transfer. She 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???