#cost-basis

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US politics
fromCointelegraph
10 hours ago

Gifting Bitcoin in 2025: What the IRS says and how to avoid tax trouble

Gifting Bitcoin is not immediately taxable; recipients owe no income tax and donors avoid gift tax when gifts remain within the annual exclusion.
fromSlate Magazine
2 weeks ago

My Brother Needs a Certain Medication to Survive. I Think He Just Ruined His Only Way of Affording It.

I assume that he will have to pay capital gains tax on the amount that the coins' value has increased since he and his (now deceased) wife purchased them. However, he does not remember when they bought the coins or what they paid for them. How are the capital gains treated, as income taken all in the year of sale or amortized? When he figures out when he and his wife bought them, how do we find out what they were worth at that time?
Law
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