Need tax advice on this particular crypto transaction


I bought some dogecoin on an exchange, that closed down its operations.

After 2 years of not seeing my coins, the exchange offered to transfer the coins to an address of my choice. I gave them the address, and the coins were transferred. I then sold some portion of my dogecoins on this exchange.

Now, I do not have any proof of purchase, as the original exchange has gone down. On my current exchange, all I see is that some coins were transferred from somewhere.

What would be your advice on this? How should I calculate the taxes?

View Source

1 thought on “Need tax advice on this particular crypto transaction”

  1. I would either just a report a gain or a loss based off your knowledge of what price you bought at (assuming a gain) and let the tax people have a nightmare if they want to persist


Leave a Comment