Quote:
Originally Posted by worth
so how do you capture that capital gain and submit with taxes?
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The easiest method IMO is to record the C$ value of the various cryptocurrencies at the time of the transaction. So a transaction to use BTC to buy ETH, would be recorded as BTC->C$->ETH. In that way you keep track the cost base in C$ of your crypto holdings.
For a few trades, this could be done manually but if you trade a lot it could be a lot of hassle though. There are programs that can automate a lot of the work like koinly.