In order to calculate your 2021 taxable gain or loss from the sale of BTC to cover GBTC Trust expenses, you need to obtain the 2021 Grantor Trust Tax Information document. That document will provide examples and a step-by- step process on how to determine your cost basis and any taxable gain or loss based on the data you have in your 1099-B. Unfortunately, while we could access the 2020 Grantor Tax Information document, we could not locate the 2021 version of such document because access was denied. However, you as a Shareholder in the Trust may have access to such document.
We encountered the same issue with the Greyscale Ethereum Trust in that we could not access the 2021 Grantor Trust Tax Information document. However, the version of that document for 2020 does contain relevant information on how to determine gain/loss from the sale of ETH tokens to pay Trust expenses. That relevant information is contained in the last two pages of that document.
@jerryrs
@rudyrabbitt
@kleje007
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
