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Retirement tax questions
Yes, that's correct assuming you were just moving your cryptocurrency from your account to a wallet and not selling it or exchanging it for another cryptocurrency. Are these transactions on your 1099-B or similar form? If so, you can report them with the cost basis equal to the proceeds so that there is neither a gain nor a loss. If these transactions are on a form that has been filed with the IRS, which is likely, then you will need to report them.
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‎April 13, 2023
3:04 PM