it's a trust-based system where you need to maintain proper accounting records.
record your buy quantity and fiat amount, along with any sell quantity and fiat amount, and be sure to keep track of any fees separately. all timestamped.
most people use the first in, first out (FIFO) method when processing the data.
hire a professional tax adviser if you're worried about being flagged for audit.
it's a trust-based system where you need to maintain proper accounting records.
record your buy quantity and fiat amount, along with any sell quantity and fiat amount, and be sure to keep track of any fees separately. all timestamped.
most people use the first in, first out (FIFO) method when processing the data.
hire a professional tax adviser if you're worried about being flagged for audit.