If this is something like GBTC, it is a true sale. Grayscale sells the underlying asset (bitcoin) to pay expenses. The IRS expects you to track those sales, dec...
If you initially purchased your GBTC more than a year before the first sale (so like prior to Jan 2021) then you can be assured that all of the BTC sales were l...
well your 1099 probably lists a dozen or more individual transactions. I just set up my spreadsheet, figured out all the details and then added the basis inform...
The issue is that while you hold GBTC, they sell off small amounts of the underlying bitcoin holdings to pay expenses of the trust. You are supposed to accept f...
I agree. I would love to see the ETF, see the value of the “stock” go to the value of the underlying BTC holdings, have BTC itself recover and see all this expe...
