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Get your taxes done using TurboTax
Hello @Jimacos ,
Thanks for the great question!
You are correct, the basis of each investment (stock, crypto, other investment property) is calculated separately.
That being said, when filing the tax return, all of the gains and losses are totaled and result in an overall gain or loss on long-term and on short-term investments being reported.
I hope this answers your question, Jimacos. Feel free to reach out if more information is needed for clarification.
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‎June 8, 2022
11:37 AM