Post
Topic
Board Bitcoin Discussion
Re: Dollar-Cost Averaging Bitcoin & Taxes
by
DannyHamilton
on 20/04/2021, 20:46:38 UTC
If I have 5 bitcoins and I acquired them using dollar cost averaging for the past 5 years, and I decide to sell them, how will I show the IRS which ones should be charged long term capital gains tax and short term capital gains tax? Is there a crypto tax software out there you guys recommend that will be able to distinguish between the two? I live in the US by the way.

You really should talk to a tax expert that is familiar with. your local jurisdiction.  Advice from random people on the internet that are not familiar with your specific situation or the tax rules in your specific location is likely to be pretty bad advice.