Hi. Just wondering if anyone knows. From a tax point

Question

Hi. Just wondering if anyone knows. From a tax point

of view. It sounds like all our various coins will be sold, and we just get back ETH and BTC - have they already done this ? Or is it done in January? Just trying to work out how I calculate my capital loss, and at what date this taxable event happens. Hope my question makes some sense. Thank you.

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17.12.2023

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Maximus · Accepted Answer

Pretty sure the tax event of getting different coins than the ones you had is like a coin swap which is taxable. But this taxable event does happen until distributions. Now if you had BTC and ETH and are getting less BTC and ETH back and you also happen to have alts. And those alts are given back as BTC and ETH. The way I would treat it is that you lost all the alts. And you still never get back all your BTC and ETH so it's a loss as well. The only time a swap happens which is taxable is if you get back more ETH than you originally had. For that to happen you would have had to have been old so much in alts more in alts than you had in ETH even after haircut.

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Hi. Just wondering if anyone knows. From a tax point

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