The first amount of BTC @£17,000 is a profit because you sold it for more than the fair market value (FMV-£17,000)
The second amount of BTC @£46,000 is a loss because you sold it for less than the fair market value (FMV-£46,000). In the US FMV is defined as how much the coins were selling for...
Yeah, but it would have to get around twice that amount for it to breakeven. It was just a small amount.
I was hoping at the time that it was just a dip and it would recover.
With day trading on the exchange a couple years back I used some software that matched up all the trade buys/sells so it was pretty easy this is going to be a bit harder but I have a year.
Sorry, I didn't see your reply untill today.
The reason I asked about the fractions of coins has to do with capital gain taxes here in US. We have short and long term capital gain tax rates depending on how long the asset (btc in this case) was held.
I'm not sure which commissions (which are...
Any other sites anyone can recommend that show BTC historical price besides coinmarketcap?
Another question, if I may. When you mix fractions of coins to form whole coins is there any way of telling which addresses the wallet used to form the whole coins.
Thanks all
Crypto is seen as an investment here as well, like stocks. What I was getting at was some times the amount of the commission as listed in the affiliate programs will not match the actual crypto fiat value received because of the volatility. I've done day trading and the tax gains were easy...