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Investors & landlords
I am not sure if I replied to this or not, but they are not sales expenses (eg, so the checkbox doesn't apply). That is, they are not expenses related to the sale of the asset. The asset (BTC) is being sold to cover expenses. In another reply, I put in what TDAmeritrade says about it, and TDA seems to say that we should be using the sales to adjust our basis and treat like capital gains/losses too. I am not an expert, but when the tax attorney says it, TDAmeritrade suggests it, and then Grayscale describes the process, that is how I will do it, painful though it might be. But to each their own! I am not a tax attorney/expert myself, but I have been doing my own somewhat involved taxes for over 35 years, FWIW. LOL.
March 29, 2022
7:25 AM