Crypto taxIntermediate
Missing purchase prices
Coins that arrive by transfer, from your own wallet or from an exchange that has closed, often come without the price you paid for them.
- What it means
- Without a known purchase price, the whole sale amount can be counted as gain, so the tax on that sale can look much higher than your real gain.
- What to watch
- Deposits with no purchase behind them, your own records of what you paid such as old statements or emails, and whether any price you use is a real cost or only an estimate.
- How Compass-Alpha uses it
- The tax overview's report check (Pro) lists the deposits with a missing purchase price, where you can type the price you paid or use the arrival-day price as a marked estimate.
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