How can I calculate my capital gains from cryptocurrency investments in 2015?

1 answers

• Jan 10, 2022 · 3 years ago
  Calculating capital gains from cryptocurrency investments in 2015 is a common concern for many investors. While I can't provide specific tax advice, I can give you a general idea of how to approach it. First, gather all your transaction records from that year, including the date of acquisition, the cost of the cryptocurrency at the time, and the date of sale along with the selling price. Next, calculate the capital gains for each transaction by subtracting the cost basis from the selling price. If you made multiple transactions, sum up the gains to get the total capital gains for the year. Keep in mind that tax laws can be complex and may vary depending on your jurisdiction, so it's always a good idea to consult with a tax professional to ensure you're following the correct procedures and reporting your gains accurately.
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