This financial year, I have bought and sold varying quantities of cryptocurrency at varying prices. I'm not sure how to calculate capital gains tax for my sales (CGT).
Because of I have bought and sold at different rates, I don't know what to enter as the date acquired or what the put as the price of purchase.
Eg.
Day 1: bought $10 of bitcoin. @ price x
Day 2: bought $12 of bitcoin. @ price y
Day 3: bought $40 of bitcoin. @ price n
Day 4: sold $11 of bitcoin. @ price k
To calculate capital gains tax (CGT), I need to enter the “date acquired�. How can I do this when the date could be day 1, day 2 or day 3. Do I pick the earliest one? Do I calculate an average buy price?
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1,336 views
1 replies