How do I calculate my taxes?
XAXS
Apr 10
If you've bought crypto, HODLed, and sold it later, your tax liability should be fairly easy to calculate. Let's look at a simplified, US-based example. First of all, we need to figure out our capital gains or losses in US dollars. Here's the formula: Fair market value - Cost basis = Capital gain / Loss The fair market value is the current spot price you'd find on an exchange like Binance. Cost basis is the original price you paid for the asset plus any fees. Imagine you b...
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