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> How? In practice, what happens is that they require you to keep records tracing your assets from when you get them to when you sell them, and assume a basis
by vertex-four 10y ago
> How?
In practice, what happens is that they require you to keep records tracing your assets from when you get them to when you sell them, and assume a basis of 0 (i.e. capital gains gets taxed on the entire value of the coin) otherwise.