knienab1
Returning Member

Get your taxes done using TurboTax

Your messages have been more helpful than anyone I've tried talking to about this from Vanguard, GBTC, or TurboTax.

 

I think I understand what I need to do, but I'm still a bit confused as, like you, I purchased my GBTC a long time ago (2016/2017) and have sold some since then (nothing in the last year though).  So I think I need to go back to the filings from those years and get my original Bitcoin per share from those dates?

 

Then I use that Bitcoin per share (after subtracting out my sales and incorporating the 91:1 stock split) in your formula for each "Sale" listed on my 1099 to get the cost basis for each.  Then I use the cost basis for each to figure out a gain/loss for each and sum those as 1 total  transaction for the entire year?  Does that sound correct?

 

Thanks again, random guy from the internet.