Skip to main content

Crypto taxes question

Hello there,

I have a simple question: When you sell cryptocurrency and incur a sales fee, does that fee factor into the end of fiscal year taxes? I am aware that the buyer's fee is included in the cost basis. I wonder if I should add up my sales fees to each trade's cost basis as well.

Thanks in advance.

submitted by /u/KingAmrThriving
[link] [comments]

Originally from Litecoin https://ift.tt/36igWLK


source https://www.icocalendar.today/litecoin-ltc-community/crypto-taxes-question

Comments

Popular posts from this blog

Institutional Support Rallies Behind Exeedmes Blockchain-based Gaming Innovation

With over $13 billion currently locked across DeFi protocols , the decentralized financial landscape has been growing at a breakneck speed. The high quest for a non-custodial financial product and marketplace has been instrumental to the astronomical growth in the DeFi (Decentralized Finance) sector. No doubt, the interest that has rallied behind the DeFi protocols has been phenomenal, NFT market has also been on traction in leading mainstream adoption of blockchain technology. Exeedme, a blockchain-powered gaming platform is combining the capabilities of both sectors to target the gaming industry with a focus on wealth distribution.  Blockchain Has Revolutionized the Gaming Industry Forever  Gaming is one field that has been disrupted by blockchain heavily, especially with the NFT wave that took the gaming industry by surprise. NFTs present a strong use case for DeFi adoption in the coming years 2021-22, while many define 2020 as the year of ‘coming out’ for NFTs. In...

Ethereum Classic (ETC) Indicating Trading Opportunity For Crypto Traders

https://ift.tt/2wz88BW submitted by /u/Alejandra6987 [link] [comments] source https://www.icocalendar.today/ethereum-classic/ethereum-classic-etc-indicating-trading-opportunity-for-crypto-traders8995784

Chainlink (LINK) Price Analysis: Chainlink Claims Sustainability Over $2.00 Mark.

submitted by /u/telorecomiendo [link] [comments] Via https://www.reddit.com/r/Chainlink/comments/fnua8f/chainlink_link_price_analysis_chainlink_claims/