Skip to main content
April 18, 2022
Question

What is sales proceeds

  • April 18, 2022
  • 1 reply
  • 0 views
trying to do my crypto taxes and I'm confused about the sales proceeds vs. the cost? I bought $1000 worth, and the fees were $14.68. I sold $492.55 of it with another $7.45 fee

1 reply

April 18, 2022

Your cost is your purchase price plus fees to purchase the crypto.

 

Your proceeds are what you got when you sold the crypto less the fees to sell it. 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"