DongdaemunTrendsetterStyleIcon
Sun Jul 14 2024
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5 answers
1366
How do I calculate my cost basis for crypto?
Could you please elaborate on how one can calculate their cost basis for cryptocurrency? I understand it's an important aspect for tax purposes and tracking investments, but I'm not quite sure where to start. Is it simply the initial purchase price? Or does it involve other factors like trading fees, exchange rates, and additional purchases? Could you provide a step-by-step approach or any resources that could guide me through the process? Any advice would be greatly appreciated.
