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How can I calculate capital gains on Coinbase trades?

avatarSRIMATHI PRIYA M CSEDec 26, 2021 · 3 years ago1 answers

I want to calculate the capital gains on my trades made on Coinbase. Can you provide me with a step-by-step guide on how to do it?

How can I calculate capital gains on Coinbase trades?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    Calculating capital gains on Coinbase trades is an important step for tax purposes. To do this, you'll need to gather information about each trade, including the purchase price, sale price, and holding period. The holding period is the duration between the purchase and sale dates. Once you have this information, you can calculate the capital gains by subtracting the purchase price from the sale price. If you have multiple trades, calculate the gains for each trade separately and then sum them up. It's always a good idea to consult with a tax professional to ensure you're accurately calculating your capital gains.