People invest with the hope of earning a return over time. But what happens when you choose to sell? Cost basis is key to understanding your tax obligations and the true profit of your investments.
Cost basis is the original purchase price of an asset. Understanding cost basis and how to track it is important for tax-efficient investing. Many, or all, of the products featured on this page are ...
What is cost basis in crypto? In the context of cryptocurrencies, “cost basis” refers to the initial outlay paid for digital assets. It is an important consideration when calculating capital gains or ...
The tax calculations required for cryptocurrency investments heighten your return’s complexity, and often lead taxpayers to make mistakes during the filing process. For crypto users who use multiple ...
What Is the Step-Up in Basis? The step-up in basis is a tax provision that helps beneficiaries lock in the cost basis of assets at the time they inherit them from a benefactor. Many assets such as ...
With more cryptocurrencies making their way into mainstream investing, people are realizing the growing need to report crypto gains correctly, understand crypto taxes, and know just how to report ...