This is interesting. I was wondering what that was for.
Are you sure that's how you use it?
I went through the GBTC Tax document (for 2021) and did all 6 steps - calculating pro rata ownership, cost basis, total proceeds, etc for each tax lot I had and it did not match with the total proceeds I had on my 1099-B. It was tedious. The total proceeds that I calculated (on Excel) were fairly close (~$16) to the cumulative proceeds that Grayscale cumulatively reported though. In the end I calculated a capital loss. I must be doing something a little wrong. I'm trying to figure out how s factor
What I don't like about the Grayscale Tax document is that the proceeds are charged weekly---how do they come up with that number exactly?
For instance--
When calculating the cumulative proceeds, they outline how you calculate a transaction/tax lot from the purchase date till end of year (vs. calculating weekly proceeds for your tax lots that you've acquired up to the transaction/expense date). I'll probably have to get a tax advisor to figure it out.
