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2024-12-21 23:19:07 UTC

Michael S Wildcard ✨ πŸ˜Άβ€πŸŒ«οΈπŸ—½βš‘ on Nostr: Moving bitcoin from exchange to self custody, accounting for the fee (sale of ...

Moving bitcoin from exchange to self custody, accounting for the fee (sale of bitcoin)say you decide to move your btc. You pay a fee to do so. In the case below the fee is 38,260 Sats. This would be considered a sale of those Sats, therefore you will have to determine the cost basis of those Sats (what you paid for them) in order to calculate your tax consequence...

Am I right or wrong?