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I consider them the same coins, simply sold twice, to two communities that disagree on where the coins have been sent. Since my cost basis is $0 (mined pre-2013
by kinghajj 9y ago
I consider them the same coins, simply sold twice, to two communities that disagree on where the coins have been sent. Since my cost basis is $0 (mined pre-2013 as a student living with my parents, and didn't bother to report the pittance of an income that would have been), I don't think the IRS will mind.
- ThrustVectoring 9y agoReporting a cost basis of $0 has you paying the maximum amount of taxes. As a general rule, the IRS doesn't care if you decide to say that you owe the maximum possible amount of taxes - it generally focuses on possible underpayment, not overpayment.