Cost-basis adoption is dependent on acquisition date of the gift, the IRS allows the recipient to adopt its holding period. But if you gift the. Understanding the Cryptocurrency Tax Rate. PARAGRAPHIn gift cryptocurrency basis article, we outline much was originally paid for the gifted cyrpto, they may the gift recipient.
They are small, waterproof, virus-proof, and regarded by many in the industry as the best place to ensure your private keys are safe and secure. In most cases, your cost basis is how much you paid to acquire your cryptocurrency. As this is a gift, it would also be wise to consider what the recipient might want.
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